WALRUS announced that the company plans to use its own funds and/or a special loan for stock repurchase in March 2025, to repurchase shares through centralized bidding transactions for equity incentives and/or employee stock ownership plans. The repurchase amount will not be less than 25 million yuan and not exceed 50 million yuan, with a repurchase price not exceeding 22 yuan per share. Due to equity distribution, the price ceiling is adjusted to 21.40 yuan per share. As of December 31, 2025, the company has repurchased 48,200 shares, accounting for 0.05% of the total share capital, with a highest transaction price of 20 yuan per share, a lowest of 19.40 yuan per share, and a total transaction amount of 955,120 yuan. The company will continue to implement the repurchase plan and disclose it in a timely manner