On August 10th, Jiangbolong made an announcement stating its intention to repurchase shares via centralized bidding transactions, utilizing either its proprietary funds or raised capital. The total repurchase amount is projected to range between 400 million and 800 million yuan. Notably, the repurchase price per share will not surpass 735 yuan. Following approval from the board of directors, these repurchased shares are earmarked for equity incentives or employee stock ownership plans within a 12-month timeframe.