Xinyichang announced that the company plans to change the use of the 487,100 shares purchased in the first phase from “for employee stock ownership plans or share incentives” to “for cancellation and reduction of registered capital,” while the 566,985 shares repurchased in the second phase will still be used for employee stock ownership plans or equity incentives. After cancellation, the company's total share capital will be reduced from 102,133,600 shares to 101,646,500 shares, and the registered capital will be reduced accordingly. The matter has been reviewed and approved by the board of directors and still needs to be reviewed by the shareholders' meeting. The purpose of this change is to increase the value of the company's investment and enhance investor confidence.

Xinyichang announced that the company plans to change the use of the 487,100 shares purchased in the first phase from “for employee stock ownership plans or share incentives” to “for cancellation and reduction of registered capital,” while the 566,985 shares repurchased in the second phase will still be used for employee stock ownership plans or equity incentives. After cancellation, the company's total share capital will be reduced from 102,133,600 shares to 101,646,500 shares, and the registered capital will be reduced accordingly. The matter has been reviewed and approved by the board of directors and still needs to be reviewed by the shareholders' meeting. The purpose of this change is to increase the value of the company's investment and enhance investor confidence.