Chairman Xiao Zhanglin of Rainbow Digital Commercial (002419.SZ) proposed to repurchase shares worth 150-200 million yuan.

Rainbow Digital Commercial (002419.SZ) announcement, the company's Chairman Xiao Zhanglin proposed that the company repurchase some of its shares through centralized competitive bidding trading. The repurchased shares will be used to reduce the registered capital, increase earnings per share, the total amount of funds for repurchasing shares is RMB 150 million to 200 million, and the repurchase price ceiling is not higher than 150% of the average trading price of the company's stock for the 30 trading days before the board of directors passed the resolution to repurchase shares.