Chairman of Shuangyuan Technology (688623.SH) proposed to repurchase company shares worth 50 to 80 million Yuan.

The Zhitong Finance APP reported that Shuangyuan Technology (688623.SH) announced that the company's actual controller, chairman, and general manager Zheng Jian proposed that the company use the excess funds obtained from the first public offering of RMB ordinary shares to repurchase some of the RMB ordinary shares (A shares) already issued by the company through the Shanghai Stock Exchange trading system in a centralized bidding trading method. The repurchased shares will be used in the future at an appropriate time for employee shareholding plans or equity incentives. The total amount of the repurchase funds shall not be less than 50 million yuan (inclusive), nor exceed 80 million yuan (inclusive).