Victory Giant Technology (300476.SZ) actual controller proposes a RMB 150 million to RMB 300 million share buyback.

Zhito Finance APP News: Shenghong Technology (300476.SZ) announced that the company's board of directors received a letter on October 16, 2026, from Mr. Chen Tao, the company's actual controller and chairman, titled "Letter Regarding the Proposal for Shenghong Technology (Huizhou) Co., Ltd. to Repurchase Company Shares." Mr. Chen Tao proposed that the company repurchase a portion of its already-issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding. The total amount of funds for this repurchase shall be no less than RMB 150 million and no more than RMB 300 million (both figures inclusive).