Daqin Railway: Plans to repurchase shares worth 400 million to 500 million yuan and cancel them.

The announcement from Daqin Railway states that the company intends to repurchase shares through centralized bidding, with a repurchase amount of 400 million to 500 million yuan, a repurchase price not exceeding 7.10 yuan per share, and a quantity of approximately 56.338 million to 70.4225 million shares, accounting for 0.28% to 0.35% of the total equity. The repurchased shares will be fully canceled and the registered capital will be reduced, with funds coming from the companys own resources. This plan is subject to approval at the shareholders' meeting, and relevant personnel have no plans to reduce holdings in the next 3 to 6 months. Additionally, there are risks associated with the repurchase, such as failing to pass the review or the stock price exceeding the specified range.