Su Wen Electric: Intends to repurchase shares, reduce capital of subsidiaries, and appoint new CFO and secretary.

Sunwendian Electric announced that the second meeting of the fourth board of directors approved multiple proposals. The first is to repurchase shares with self-owned funds of 30 - 60 million yuan, for employee shareholding or equity incentives, at a repurchase price not exceeding 18 yuan per share, with a implementation period of 12 months; the second is to reduce the registered capital of its wholly-owned subsidiary Shanghai Development from 494 million yuan to 300 million yuan; the third is the resignation of Zhang Zijian, and the appointment of Hu Zhe Min as the Chief Financial Officer and Tian Yuanyuan as the Secretary of the Board of Directors; the fourth is the election of Sun Yuling as a member of the Strategic Committee of the fourth board of directors.