Changling Hydraulic announced that the company's chairman Hu Kangqiao proposed to use its own or self-raised funds to repurchase some A shares through centralized bidding transactions. The total repurchase capital is not less than 70 million yuan and not more than 130 million yuan. The repurchase price is not higher than 150% of the average stock transaction price in the 20 trading days before the board of directors passed the buyback resolution. The repurchase period is 12 months from the date the board of directors deliberates and approves the repurchase plan. Shares that have not been used up within the specified period will be cancelled. Hu Kangqiao proposed no trading of the company's shares within the first six months, and there are no plans to increase or decrease holdings during the repurchase period. The board of directors will vote in favor of the repurchase bill. The repurchase has yet to be reviewed and approved by the board of directors, and there is uncertainty.

Changling Hydraulic announced that the company's chairman Hu Kangqiao proposed to use its own or self-raised funds to repurchase some A shares through centralized bidding transactions. The total repurchase capital is not less than 70 million yuan and not more than 130 million yuan. The repurchase price is not higher than 150% of the average stock transaction price in the 20 trading days before the board of directors passed the buyback resolution. The repurchase period is 12 months from the date the board of directors deliberates and approves the repurchase plan. Shares that have not been used up within the specified period will be cancelled. Hu Kangqiao proposed no trading of the company's shares within the first six months, and there are no plans to increase or decrease holdings during the repurchase period. The board of directors will vote in favor of the repurchase bill. The repurchase has yet to be reviewed and approved by the board of directors, and there is uncertainty.