Hygon Information: Chairman proposes share repurchase of RMB 500 million to RMB 800 million.

Hygon Information announced that Chairman Li Jun has proposed to repurchase company shares through centralized bidding using the company's own funds, with a total amount of no less than RMB 500 million and no more than RMB 800 million. The repurchased shares are intended for an employee stock ownership plan or equity incentive, at a price not exceeding 150% of the average trading price of the company's stock over the 30 trading days prior to the board of directors' resolution approving the repurchase plan. The repurchase matter still requires the completion of relevant approval procedures.