Hua Yang Racing: Intends to repurchase and cancel 30,940 shares.

Hua Yang Racing announcement, the company plans to repurchase and cancel a portion of restricted stock, involving one incentive target. The repurchase and cancellation amount is 30,940 shares, accounting for 0.055% of the total share capital of the company. The repurchase price is 8.75 yuan per share, with a total repurchase fund of 270,600 yuan, sourced from the company's own funds. This repurchase and cancellation will not have a significant impact on the company's financial condition, debt servicing capability, ability to operate sustainably, and listing status.