Qinghai Spring (600381) issued a share repurchase announcement on April 24, 2024. The company plans to complete the company's share repurchase plan from April 24, 2024 to July 18, 2024. The repurchase price is no more than 8%.Doubledoublebonuspokerpayouts.19 yuan per share, the total repurchase amount does not exceed RMB 50 million yuan. If the full repurchase amount is calculated according to the upper limit of the total repurchase amount and the price limit of the repurchased shares, the number of shares that can be repurchased is expected to be no more than 6.105 million shares. The maximum number of shares to be repurchased accounts for 1.04% of the total share capital of the company.DoubledoublebonuspokerpayoutsThe number of shares actually repurchased at the expiration of the repurchase period or upon termination of the repurchase shall prevail.

The announcement said that based on confidence in the company's sustainable development in the future, safeguarding the company's value and shareholders' rights and interests, and implementing the purpose of "improving quality, increasing efficiency and emphasizing returns", the company has comprehensively considered the current operating situation, financial situation, future profitability and other factors. It intends to use its own funds to buy back the company's shares through centralized bidding transactions to safeguard the company's value and shareholders' rights and interests, and will also choose opportunities for employee equity incentives in the future.