Shenghe Resources: Plans to repurchase 200-400 million yuan of shares for equity incentives or employee stock ownership plans.

Shenghe Resources announced that the company plans to repurchase shares through centralized bidding trading, with a repurchase amount of no less than 200 million yuan and not exceeding 400 million yuan, at a repurchase price not exceeding 30 yuan per share. It is expected that the number of shares repurchased will be approximately 6.67 million to 13.33 million, accounting for 0.38%-0.76% of the total share capital. The repurchased shares will be used for equity incentives or employee shareholding plans. If not fully utilized within 36 months, the unused shares will be cancelled in accordance with the law. Except for shareholder Wang Quangen who has disclosed a reduction announcement, there are no plans for reduction by other related shareholders in the next 3 months or 6 months. There are multiple uncertainties and risks in this repurchase.