[Xin Yisheng: Plans to repurchase A-shares for RMB 800 million to RMB 1 billion Price does not exceed 500 yuan/share] On October 23, Xinyi Sheng issued an announcement at noon stating that the board of directors reviewed and approved the resolution to repurchase the company’s A shares. The total planned repurchase amount is not less than RMB 800 million (inclusive) and not more than RMB 100,000 (inclusive). The repurchase price does not exceed RMB 500/share (inclusive); the repurchase period is within 12 months from the date of the board of directors’ review and approval of the resolution to repurchase the shares. The number of shares that can be repurchased is expected to be approximately 1,600,000 to 2,000,000 shares, accounting for approximately 0.11% to 0.14% of the company's total share capital.