According to the Hainan Huatie announcement, the company plans to change the use of 7.885.98 million shares repurchased in 2022 from “to implement employee stock ownership plans or share incentives” to “use to cancel and reduce registered capital.” As of April 4, 2023, the company has completed share repurchases with a total transaction amount of RMB 51.985,700. This change was reviewed and approved by the 21st meeting of the 5th board of directors and still needs to be submitted to the company's shareholders' meeting for consideration. After the cancellation is completed, the total share capital of the company will be reduced from 1,997 million shares to 1,989 million shares.

According to the Hainan Huatie announcement, the company plans to change the use of 7.885.98 million shares repurchased in 2022 from “to implement employee stock ownership plans or share incentives” to “use to cancel and reduce registered capital.” As of April 4, 2023, the company has completed share repurchases with a total transaction amount of RMB 51.985,700. This change was reviewed and approved by the 21st meeting of the 5th board of directors and still needs to be submitted to the company's shareholders' meeting for consideration. After the cancellation is completed, the total share capital of the company will be reduced from 1,997 million shares to 1,989 million shares.