On May 27, 2024, Hubei Zhongyi Technology Co., Ltd. (stock code: 301150.SZ) announced that from May 27, 2024 to June 24, 2024, the closing price of its stock had been lower than the net assets per share of the latest audited financial statement for 20 consecutive trading days, triggering the stabilizing stock price measures stipulated in the Company's "Plan for Stabilizing Stock Price within Three Years after Listing". In order to fulfill the commitment of stabilizing the stock price, maintain the company's value and shareholder rights and interests, and based on the confidence in the company's future development and recognition of its value, the company plans to use its own funds or self-raised funds to repurchase its shares through centralized bidding trading. Such repurchased shares will be necessary for maintaining the company's value and shareholder rights and interests.
The repurchased shares will be used to maintain the company's value and shareholder rights and interests. The price range of the intended repurchase will not exceed RMB 20.54 per share. The total amount of funds for the repurchase will be no less than RMB 13.28 million (inclusive) and no more than RMB 26.55 million (inclusive). Based on the calculated upper limit of the intended repurchase price and the repurchase amount range, the number of shares to be repurchased ranges from 646,544 shares to 1,292,599 shares, accounting for 0.3570% to 0.7137% of the company's current total share capital of 181,122,202 shares. The specific number of repurchased shares and the proportion of the total share capital are subject to the actual repurchased shares at the expiration of the repurchase period or upon completion of the repurchase. The implementation period of the intended repurchase starts from the date when the proposal for repurchase of shares is approved by the general meeting of shareholders and expires within 3 months.