Muyuan Shares: plans to buy back H shares with 300 million to 500 million Hong Kong dollars.

The Announcement of Muyuan Shares: In order to further safeguard the rights and interests of shareholders and enhance investor confidence, the board of directors has approved a H-share repurchase plan with a total amount of no less than 300 million Hong Kong dollars and no more than 500 million Hong Kong dollars. The H-shares repurchased under the H-share repurchase plan will be held as treasury shares. The implementation period of the H-share repurchase plan is within 12 months from the date of approval by the board of directors.