Hongchuan Wisdom (002930) announced a share repurchase announcement on May 21. The company plans to complete this company's share repurchase plan from May 21, 2024 to May 16, 2025. The repurchase price will not exceed 17balato8co. 00 yuan/share, and the total repurchase amount shall not exceed RMB 35 million. If the repurchase is carried out in full and calculated based on the upper limit of the total repurchase amount and the upper limit of the repurchase share price, it is estimated that the number of shares that can be repurchased will not exceed 2.05 million shares. The maximum number of shares to be repurchased will account for 0.45% of the company's total share capital. The specific shares to be repurchased will be purchased will be 0.45%.balato8coThe number of shares is based on the actual number of shares repurchased when the repurchase expires or is terminated.

The announcement stated that based on confidence in the prospects of the petrochemical warehousing industry and the company's future development, as well as recognition of the company's value, in order to safeguard the interests of all shareholders of the company, the company plans to implement a share repurchase plan, and all the shares repurchased will be used to reduce registered capital.