Changying Precision announced that it plans to use its own funds or self-raised funds to repurchase a portion of its issued RMB common shares (A shares) through centralized bidding transactions for the implementation of its employee stock ownership plan or equity incentive plan. The repurchase amount will be no less than RMB 50 million and no more than RMB 100 million. Based on the RMB 100 million maximum repurchase amount and the repurchase price of RMB 35 per share, the estimated number of shares to be repurchased is approximately 2.85 million shares, representing approximately 0.2100% of the company's total share capital. Based on the RMB 50 million minimum repurchase amount and the repurchase price of RMB 35 per share, the estimated number of shares to be repurchased is approximately 1.42 million shares, representing approximately 0.1050% of the company's total share capital.