Alto Electronics announced that it plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The total repurchase capital is not less than 10 million yuan and no more than 20 million yuan, and the repurchase price is no more than 8 yuan/share. The repurchase of shares will be used to implement employee stock ownership plans or equity incentives. If the implementation is not completed within three years after the repurchase is completed, the unused portion will be cancelled in accordance with law. The repurchase period shall not exceed 12 months from the date the board of directors reviewed and approved the repurchase plan.

Alto Electronics announced that it plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The total repurchase capital is not less than 10 million yuan and no more than 20 million yuan, and the repurchase price is no more than 8 yuan/share. The repurchase of shares will be used to implement employee stock ownership plans or equity incentives. If the implementation is not completed within three years after the repurchase is completed, the unused portion will be cancelled in accordance with law. The repurchase period shall not exceed 12 months from the date the board of directors reviewed and approved the repurchase plan.