Jiabiyou announced that the second phase of the company used centralized bidding transactions to repurchase shares, with an estimated amount of 15 million yuan to 30 million yuan for equity incentives. By the end of 2025, a total of 1.06 million shares had been repurchased, accounting for 0.63% of the total share capital. The cumulative repurchase amount was 279.213 million yuan. The actual repurchase price range was 23.52 yuan/share - 28.58 yuan/share. This repurchase complies with the regulations, and the company will implement and disclose the progress in accordance with the regulations.

Jiabiyou announced that the second phase of the company used centralized bidding transactions to repurchase shares, with an estimated amount of 15 million yuan to 30 million yuan for equity incentives. By the end of 2025, a total of 1.06 million shares had been repurchased, accounting for 0.63% of the total share capital. The cumulative repurchase amount was 279.213 million yuan. The actual repurchase price range was 23.52 yuan/share - 28.58 yuan/share. This repurchase complies with the regulations, and the company will implement and disclose the progress in accordance with the regulations.