Xinhua Department Store announced that the company plans to repurchase shares through centralized bidding transactions, with a total repurchase capital of not less than 200 million yuan and no more than 400 million yuan. The repurchase price is not more than 1,278 yuan/share. The estimated number of shares to be repurchased is 15.6495 million shares - 31.298,900 shares, accounting for 4.954%-9.908% of the company's total share capital. All of the shares repurchased will be used for employee equity incentives or employee stock ownership plans. If not used within 36 months after the repurchase is completed, the unused portion will be cancelled in accordance with law. The repurchase implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan. Company directors, executives, controlling shareholders and other entities have no plans to reduce their holdings for the next 6 months. There is a risk that the plan will not be successfully implemented due to the share price exceeding the upper limit and insufficient funding in this repurchase.

Xinhua Department Store announced that the company plans to repurchase shares through centralized bidding transactions, with a total repurchase capital of not less than 200 million yuan and no more than 400 million yuan. The repurchase price is not more than 1,278 yuan/share. The estimated number of shares to be repurchased is 15.6495 million shares - 31.298,900 shares, accounting for 4.954%-9.908% of the company's total share capital. All of the shares repurchased will be used for employee equity incentives or employee stock ownership plans. If not used within 36 months after the repurchase is completed, the unused portion will be cancelled in accordance with law. The repurchase implementation period is 12 months from the date the board of directors reviews and approves the repurchase plan. Company directors, executives, controlling shareholders and other entities have no plans to reduce their holdings for the next 6 months. There is a risk that the plan will not be successfully implemented due to the share price exceeding the upper limit and insufficient funding in this repurchase.