Zhiyuan New Energy: Plans to repurchase 1.5 million to 3 million shares

Zhiyuan New Energy announced that the company plans to use its own funds and self-raised funds to repurchase the company's issued ordinary shares of RMB through the Shenzhen Stock Exchange system via centralized bidding. This is intended for the implementation of equity incentives or employee stock ownership plans. The number of shares to be repurchased will not be less than 1.5 million shares and not more than 3 million shares, accounting for approximately 0.8042% to 1.6085% of the company's current total equity. Based on the upper limit of 3 million shares and a repurchase price of up to 22 RMB/share, the total amount of repurchase funds is approximately 66 million RMB. Based on the lower limit of 1.5 million shares and a repurchase price of up to 22 RMB/share, the total amount of repurchase funds is approximately 33 million RMB. The implementation period for the repurchase of shares is within 12 months from the date the company's board of directors approves the repurchase plan