Changhong Meiling announces A-share repurchase plan for equity incentive

Changhong Meiling has announced its plan to repurchase its A-shares via a concentrated bidding transaction through the Shenzhen Stock Exchange trading system. The repurchased shares, not exceeding CNY 11 per share, are intended for equity incentives and must be used within 36 months. If not, the shares will be cancelled. The repurchase period will not exceed 12 months from the date the board approved the plan, but may terminate early if the maximum or minimum repurchase amount is reached, or if the board decides to end the plan. The company intends to use its own funds for the repurchase.