[Changxin Technology: Plans to Repurchase Company Shares with RMB 1 Billion to RMB 2 Billion] Changxin Technology issued an announcement stating that on October 16, 2026, the company's board of directors received a proposal from Chairman Zhu Yiming to repurchase company shares. The repurchase is planned to be conducted through centralized bidding transactions, with a total fund amount not less than RMB 1 billion (inclusive) and not exceeding RMB 2 billion (inclusive). The repurchase price will not exceed 150% of the average trading price of the company's stock over the 30 trading days prior to the board's resolution approving the repurchase plan. The repurchased shares are intended to be used for employee equity incentives, employee stock ownership plans, or to reduce the company's registered capital. The relevant plan is subject to approval by the board of directors or the shareholders' meeting.