Siyuan Electric: Plans to repurchase shares worth 300 million to 500 million yuan.

Jin10 reported on May 16 that Siyuan Electric announced that the company plans to use its own funds to buy back a portion of the publicly held A shares through centralized bidding, aiming to cancel and reduce registered capital. The total amount for this buyback will not be less than 300 million yuan and not exceed 500 million yuan, with a buyback price ceiling not exceeding 109.45 yuan/share. Based on the lower limit of the buyback amount and the upper limit of the buyback price, the estimated number of shares that can be repurchased is approximately 2.741 million shares, which accounts for about 0.35% of the company's total share capital; based on the upper limit of the buyback amount and the upper limit of the buyback price, the estimated number of shares that can be repurchased is approximately 4.5683 million shares, which accounts for about 0.58% of the company's total share capital. The buyback period will not exceed twelve months from the date the company's shareholders' meeting approves this buyback plan.