Liuyao Group announced that the company plans to repurchase some of the RMB common A shares issued by the company through centralized bidding transactions. The repurchase amount is not less than RMB 100 million and not more than RMB 200 million. The funding source is the company's own capital and self-financing. The share repurchase price does not exceed RMB 25.7 yuan/share. The estimated number of shares to be repurchased is approximately 3.8911 million to 7.7821 million shares, accounting for 0.98% to 1.96% of the company's total share capital. The purpose of repurchasing shares is intended to be used to implement equity incentives and/or employee stock ownership plans at an appropriate time in the future; if the company fails to implement the above use within 3 years after the share repurchase is completed, the unused repurchased shares will be cancelled in accordance with the relevant procedures.

Liuyao Group announced that the company plans to repurchase some of the RMB common A shares issued by the company through centralized bidding transactions. The repurchase amount is not less than RMB 100 million and not more than RMB 200 million. The funding source is the company's own capital and self-financing. The share repurchase price does not exceed RMB 25.7 yuan/share. The estimated number of shares to be repurchased is approximately 3.8911 million to 7.7821 million shares, accounting for 0.98% to 1.96% of the company's total share capital. The purpose of repurchasing shares is intended to be used to implement equity incentives and/or employee stock ownership plans at an appropriate time in the future; if the company fails to implement the above use within 3 years after the share repurchase is completed, the unused repurchased shares will be cancelled in accordance with the relevant procedures.