Hangzhou XZB Tech (603040.SH) controlling shareholder Xu Na proposed to repurchase 25-50 million yuan.

Hangzhou XZB Tech (603040.SH) announcement: The company's board of directors received a proposal letter from Mr. Xu Na, the actual controller, chairman and general manager of the company, on April 8, 2025, regarding the repurchase of company shares. Mr. Xu Na proposed that the company use its own funds to repurchase a portion of the company's issued A shares through the Shanghai Stock Exchange trading system via centralized bidding. The total amount of funds for this repurchase shall not be less than RMB 25 million and not exceed RMB 50 million; the repurchase period shall be within 12 months from the date of approval by the board of directors.