Shuangyuan Technology announced on July 22 that Zheng Jian, the company's actual controller, chairman and general manager, proposed that the company use the overfunded capital obtained from the initial public offering of common shares to buy back some of the company's issued common shares through centralized bidding transactions through the Shanghai Stock Exchange trading system, and use all of the repurchased shares for employee stock ownership plans or equity incentives at appropriate times in the future. The total repurchase capital is not less than 50 million yuan, not more than 80 million yuan. The repurchase price is not higher than 150% of the average share transaction price in the 30 trading days before the board of directors of the company reviewed and approved the share repurchase plan. The details are subject to the share repurchase plan reviewed and approved by the board of directors.

Shuangyuan Technology announced on July 22 that Zheng Jian, the company's actual controller, chairman and general manager, proposed that the company use the overfunded capital obtained from the initial public offering of common shares to buy back some of the company's issued common shares through centralized bidding transactions through the Shanghai Stock Exchange trading system, and use all of the repurchased shares for employee stock ownership plans or equity incentives at appropriate times in the future. The total repurchase capital is not less than 50 million yuan, not more than 80 million yuan. The repurchase price is not higher than 150% of the average share transaction price in the 30 trading days before the board of directors of the company reviewed and approved the share repurchase plan. For details, the share repurchase plan reviewed and approved by the board of directors shall prevail.