Economic Observation Network Liuyao Group continues to promote its share repurchase plan and provides guarantee support for its holding subsidiaries, while the company's senior management completes the election of new members.

Promotion of company projects
The company will launch a repurchase plan in July 2025, intending to use its own or self raised funds to repurchase shares, with an amount range of 100 million to 200 million yuan and a repurchase price ceiling of 25.70 yuan per share, with a term until July 24, 2026. According to the announcement on April 2, 2026, as of March 31, 2026, a total of 10.803 million shares have been repurchased, accounting for 2.72% of the total share capital, with a total payment of approximately 199 million yuan (excluding transaction costs). The repurchase price range is from 17.83 yuan/share to 19.07 yuan/share The repurchase of shares is intended for employee incentives, and subsequent developments may have an impact on market sentiment.

Subsidiary Development
On April 11, 2026, it was announced that the company had added a new guarantee amount of 188.7954 million yuan for its subsidiary, and released a guarantee of 364.15 million yuan. As of the announcement date, the total amount of external guarantees provided by the company and its holding subsidiaries was RMB 1704.6646 million, accounting for 22.36% of the latest audited net assets. The main guarantee objects are subsidiaries within the scope of consolidated financial statements, aimed at supporting business development, and attention should be paid to their subsequent risk control ?

Election of senior executives in the company
The company held an extraordinary shareholders' meeting on March 30, 2026 to elect members of the sixth board of directors and appoint a new senior management team. Zhu Chaoyang was elected as the chairman, and various specialized committees under the board of directors were simultaneously adjusted. This change in governance structure may affect the company's strategic direction and requires observation of subsequent business decisions ?

Capital Direction
Market data such as stock prices and capital flows fluctuate daily, for example, on April 8, 2026, the net outflow of main funds was 3.7034 million yuan However, such information needs to be combined with real-time market trends for judgment.

The above content is based on publicly available information and does not constitute investment advice.