Baolong Automotive: Plans to repurchase shares for 100 million to 200 million yuan

Baolong Automotive announced that the company plans to repurchase shares with funds ranging from 100 million to 200 million yuan, with a repurchase price not exceeding 59 yuan per share. The funds for this repurchase will come from its own funds and a special loan for stock repurchase, with the special loan not exceeding 180 million yuan. The repurchased shares will be used to implement an employee stock ownership plan or equity incentives. The repurchase period is within 12 months from the date of approval by the board of directors