Innovative leadership: The chairman proposed to use 300 million to 400 million of its own funds to buy back company shares.

Announcement from Zhongchuang Zhiling: Chairman Jiao Chengyao proposed that the company use its own funds or self-raised funds to repurchase some A-shares through centralized bidding, for the purpose of canceling and reducing the company's registered capital and implementing equity incentives/employee shareholding plans. The total amount of repurchase funds shall not be less than 300 million yuan, and shall not exceed 400 million yuan. During the repurchase of shares, Mr. Jiao Chengyao plans to increase his stake in the company, with the amount of additional shares ranging from 5 million to 7.5 million yuan.