Haicheng Bangda: Plans to repurchase shares worth 55 million to 110 million yuan for capital reduction and incentives.

Hai Cheng Bangda announced that the company plans to repurchase shares through centralized bidding trading, with the repurchase amount not less than 55 million yuan and not exceeding 110 million yuan, and the repurchase price not exceeding 11 yuan per share. The repurchased shares will be partially used for cancellation and reduction of registered capital, and partially used for subsequent implementation of equity incentive or employee stock ownership plans, with 3 million shares used for incentive or ownership plans and the remainder used for cancellation. The repurchase period is within 6 months from the date of approval by the shareholders' meeting. The company's directors and others do not have a clear plan to reduce holdings in the next 3 to 6 months. This repurchase carries various risks, and the company will disclose progress in a timely manner.