Flush (300033) Financial Research Center, April 30, 2004, investors asked Jin Haitong (603061), Hello Dong Mi, your stock was lifted in March and immediately issued a buyback policy. After the end of the buyback, the share price plummeted sharply. The controlling shareholders and the original shareholders have reduced their holdings one after another, and the stock price has been lower than the issue price. The performance of the year on the market has changed seriously. I would like to ask whether your company has made these decisions to match with the original shareholders.EarngamecryptoAs a suspect? Does it involve financial fraud and treating minority shareholders as fools?

The company replied, "Hello, dear investors!" On December 15, 2023, the "guidelines on self-discipline Supervision of listed companies on the Shanghai Stock Exchange No. 7-share Repurchase (revised in 2023)" was issued and implemented. on January 24, 2024, the company announced a plan to buy back the company's shares by centralized bidding. The company's share buyback is based on confidence in the company's future sustainable development and recognition of the company's value. Take into account the operating situation, financial position, future profitability and the company's stock price and other factors to consider the decision. At present, the shares held by the controlling shareholders of the company are still in a restricted period, and the controlling shareholders do not have the situation of reducing their holdings of the company's shares. Some IPO shareholders at the time allowed by laws and regulations, combined with their own needs to reduce their holdings, is the independent behavior of the relevant shareholders. The stock prices of listed companies are affected by multiple factors, such as macroeconomic environment, industry policy, supply and demand, market sentiment and so on. In the future, the company will increase R & D investment and market development efforts, especially the development of overseas markets, better return to investors. Thank you for your attention!