[Huahong Grace: Chairman and President of the Board of Directors proposes to repurchase shares of 300 million to 500 million yuan] On October 29, Huahong Grace (688347.SH) announced that the company’s board of directors received a letter from Bai Peng, chairman and president of the board of directors, proposing to repurchase the company’s shares on October 29, 2026. Bai Peng proposed that the company use its own funds and/or self-raised funds to repurchase the issued A shares. The total repurchase funds shall not be less than 300 million yuan (inclusive) and not exceed 500 million yuan (inclusive). The repurchased shares will be used for share cancellation, maintaining the company's value and shareholders' rights, or for equity incentives, employee stock ownership plans, etc. at appropriate times in the future. The repurchase price shall not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors considers and approves the repurchase plan. Bai Peng did not buy or sell the company's shares in the six months before the proposal, and has no plans to increase or decrease its holdings during this repurchase period.