Ningbo Deye Technology (605117.SH) controlling shareholder and chairman Zhang Hejun proposed to repurchase shares with an amount ranging from 100 million to 200 million yuan.

Ningbo Deye Technology (605117.SH) announced that the company's actual controller and chairman, Zhang Hejun, proposed that the company repurchase shares through centralized competitive trading. The repurchased shares will be used entirely for employee stock ownership plans or equity incentives, with a total repurchase amount of no less than RMB 100 million and no more than RMB 200 million. The repurchase price of the shares will not exceed 150% of the average trading price of the company's stock for the 30 trading days before the board of directors passes the resolution to repurchase shares.