Shunhao Corporation plans to repurchase shares worth 100-200 million yuan for employee incentives.

Shanghai Shunhao New Materials Technology Co., Ltd. issued a buyback report, planning to repurchase 8.4602 million to 16.9205 million shares at a price not exceeding 11.82 yuan per share, accounting for 0.80% to 1.60% of the total share capital, with a fund of no less than 100 million yuan and not more than 200 million yuan, sourced from special repurchase loans and own funds. The company has obtained a special loan of no more than 150 million yuan from China CITIC Bank Shanghai Branch with a term of 3 years. The buyback period is not more than 12 months from the approval of the board of directors, to be used for employee shareholding or equity incentives, and if not fully utilized within 3 years, the shares will be cancelled. The company reminds that there are risks such as exceeding the upper limit of the stock price and the incentive plan not being approved.