Zhou Liufu announced that it intends to seek an authorization from the shareholders' meeting to authorize the board of directors to repurchase H shares to protect shareholders' interests. According to the H share repurchase authorization, the total number of H shares repurchased during the relevant period shall not exceed 10% of the total number of H shares issued on the day the resolution granting the H share repurchase authorization was reviewed and approved at the relevant shareholders' meeting. The board of directors shall be authorized to handle all matters relating to the H share repurchase authorization, including but not limited to formulating and implementing specific repurchase plans, notifying creditors and making announcements, and handling matters relating to creditors' exercise of rights; H shares repurchased after completing the H share repurchase will be cancelled, and the Company will reduce registered capital accordingly.

Zhou Liufu announced that it intends to seek an authorization from the shareholders' meeting to authorize the board of directors to repurchase H shares to protect shareholders' interests. According to the H share repurchase authorization, the total number of H shares repurchased during the relevant period shall not exceed 10% of the total number of H shares issued on the day the resolution granting the H share repurchase authorization was reviewed and approved at the relevant shareholders' meeting. The board of directors shall be authorized to handle all matters relating to the H share repurchase authorization, including but not limited to formulating and implementing specific repurchase plans, notifying creditors and making announcements, and handling matters relating to creditors' exercise of rights; H shares repurchased after completing the H share repurchase will be cancelled, and the Company will reduce registered capital accordingly.