Reymet: intends to use no more than 120 million RMB of the excess funds raised to repurchase company shares.

Raymond's announcement, intends to use part of the funds raised from the IPO to repurchase some of the company's issued RMB ordinary shares through centralized competitive bidding. The total amount of repurchase funds will not be less than RMB 60 million and not more than RMB 120 million, and the repurchase price per share will not exceed RMB 103.96. The repurchased shares will be used to implement an employee stock ownership plan or equity incentive plan. If not fully utilized within 36 months, they will be cancelled.