Chaoda Equipment: Plans to repurchase shares worth 25 million to 50 million yuan for incentive plans

Chaoda Equipment announced that the company's board of directors has approved a share repurchase plan, intending to use 25 million to 50 million yuan of its own or self-raised funds to repurchase A-shares through centralized bidding at a price not exceeding 65.44 yuan per share. Based on the upper limit, it is expected to repurchase 764,058 shares, accounting for 0.95% of the total share capital; based on the lower limit, it is expected to repurchase 382,029 shares, accounting for 0.48%. The repurchased shares will be used for equity incentives or employee stock ownership plans, and if not used within three years, they will be canceled. The implementation period is 12 months, and as of the announcement date, the relevant parties have no clear plans for increasing or decreasing their holdings. In addition, there are risks associated with the inability to implement the repurchase due to stock price fluctuations or significant events