SCENE TECHNOLOGY: 300 - 600 MILLION YUAN TO BUY BACK A SHARES

ON 23 JULY, THE S&T (68808.SH) ANNOUNCEMENT STATED THAT THE COMPANY INTENDED TO REPURCHASE THE A SHARES BY WAY OF A CENTRALIZED COMPETITIVE TRANSACTION FOR A VALUE NOT LESS THAN 300 MILLION YUAN (INCLUSIVE) AND NOT MORE THAN 600 MILLION YUAN (INCLUSIVE), AT A RETURN PRICE NOT MORE THAN 332.90 YUAN/EQUITY (INCLUSIVE), AND THAT THE REPURCHASE PERIOD WOULD BE THREE MONTHS FROM THE DATE OF ADOPTION OF THE BOARD OF DIRECTORS, WITH THE SOURCE OF THE REPURCHASE BEING THE COMPANY ' S OWN FUNDS, AND THE REPURCHASE OF THE SHARES BEING USED TO PRESERVE THE COMPANY ' S VALUE AND SHAREHOLDERS ' INTERESTS。