Changrun Holdings: Plans to repurchase shares worth 15-20 million RMB for employee incentives.

Changrun Stock announced that the company plans to repurchase shares through centralized competitive trading, with the total repurchase amount not less than 15 million yuan and not more than 20 million yuan, and the repurchase price not exceeding 24.91 yuan per share. The repurchase period will be within 12 months from the date of approval of the scheme by the board of directors. The repurchased shares will be used for future implementation of employee stock ownership plans or equity incentives. If not implemented or fully utilized within 36 months, the unused portion will be cancelled. As of the decision date, there are no plans to reduce holdings by relevant parties in the next 3-6 months. This repurchase carries risks such as price changes and scheme modifications.