On May 27, Hexing announced that the company held the fourth meeting of the fifth board of directors on May 26, 2025, and reviewed and approved the proposal on the repurchase of shares through centralized bidding. The company agreed to use its own funds to repurchase shares for the subsequent implementation of the employee stock ownership plan or equity incentives. The repurchase price will not exceed 35 yuan per share, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan, to be implemented within 12 months from the date of the board's approval of the repurchase plan. As of May 27, 2025, the company had cumulatively repurchased 1,123,600 shares, accounting for 0.23% of the company's total share capital, with a repurchase price range of 26.2 yuan per share to 27.06 yuan per share, and a total fund usage of 29.9951 million yuan