p2edefi| *ST Longyu: The controlling shareholder proposed to repurchase shares from RMB 50 million to RMB 100 million

China Securities Intelligent Financial News *ST Longyu (Rights Protection)(603003) Announcement on the evening of May 21p2edefiOn May 21, the company received a "Proposal for the Company to Buy Back Shares from Shanghai Longyu Holdings Co., Ltd., the company's controlling shareholderp2edefi"Proposal Letter", proposing that the company use its own funds to repurchase the company's issued RMB ordinary shares (A shares) through centralized bidding transactions to safeguard the company's value and shareholders 'rights and interests, and cancel all shares repurchased this time in the future., reduce registered capital.

According to the announcement, the price of repurchase shares will not exceed 5p2edefi.35 yuan/share (inclusive), and the total repurchase funds shall not be less than RMB 50 million (inclusive), and shall not exceed RMB 100 million (inclusive).

The announcement stated that the company's controlling shareholder did not buy or sell the company's shares within six months before the proposal.