Chairman Han Yu of Shenzhen Hopewind Electric (603063.SH) proposed to allocate 10-20 million yuan for a share repurchase.

Shenzhen Hopewind Electric (603063.SH) announced that the chairman of the company, Han Yu, proposed to repurchase a portion of the company's issued A shares for use in an employee stock ownership plan or equity incentive plan. The total amount of funds for repurchasing shares shall not be less than RMB 10 million (inclusive) and shall not exceed RMB 20 million (inclusive). The period for repurchasing shares shall not exceed 12 months from the date of approval by the company's board of directors.