Baogang Co., Ltd. announced at noon on April 8 that in order to protect the interests of investors, increase earnings per share, increase long-term investment value, boost investor confidence, and maintain capital market stability, the company's chairman Zhang Zhao proposed that the company buy back some of the company's shares through centralized bidding transactions. The repurchased shares will be used to cancel and reduce the company's registered capital. Total capital to repurchase shares: 100 million yuan to 200 million yuan. The details are subject to the share repurchase plan reviewed and approved by the board of directors.

Baogang Co., Ltd. announced at noon on April 8 that in order to protect the interests of investors, increase earnings per share, increase long-term investment value, boost investor confidence, and maintain capital market stability, the company's chairman Zhang Zhao proposed that the company buy back some of the company's shares through centralized bidding transactions. The repurchased shares will be used to cancel and reduce the company's registered capital. Total capital to repurchase shares: 100 million yuan to 200 million yuan. The details are subject to the share repurchase plan reviewed and approved by the board of directors.