Silver Wheel Co., Ltd.: Intends to repurchase shares in the amount of 50 million to 100 million RMB.

Silver Wheel Co., Ltd. Announcement: The company plans to repurchase shares for use in a stock incentive plan or employee stock ownership plan. The total amount of funds for the repurchase will not be less than 50 million yuan and not exceed 100 million yuan, with a repurchase price not exceeding 36 yuan per share. It is estimated that the number of shares to be repurchased will be approximately 1.389 million to 2.778 million shares, accounting for 0.17%-0.33% of the total share capital of the company. The repurchase period will not exceed 12 months from the date of approval by the board of directors, and the sources of funds will be from the company's own funds and special loans for stock repurchase.