According to CoinMeta and Kent Catalytic Announcement, it plans to repurchase company shares for no less than RMB 111 million (inclusive) and no more than RMB 223 million (inclusive), at a repurchase price of no more than RMB 50 per share (inclusive). The repurchased shares will be used for an employee stock ownership plan or equity incentive program. The repurchase will be conducted through centralized competitive bidding, and the repurchase period is within 12 months from the date when the company's board of directors approves this repurchase plan. Based on a maximum repurchase price of RMB 50 per share, the estimated number of shares to be repurchased is between 2.23 million and 4.46 million, which accounts for approximately 2.47% to 4.93% of the company's total share capital.