Hwatsing Technology intends to repurchase its own shares through centralized bidding transactions using internal funds. The repurchase amount is set at RMB 50 million to RMB 100 million, with a maximum repurchase price of RMB 335 per share. The repurchased shares are designated for an equity incentive plan. Any shares not fully utilized within three years following the announcement date of the repurchase results and share changes will be cancelled. This plan remains subject to approval by the shareholders' meeting, and the implementation period shall not exceed 12 months from the date of such approval.