GalaxyCore (688728.SH) actual controller proposes 150 million yuan to 300 million yuan share buyback

Zhitong Finance APP News, GalaxyCore (688728.SH) issued an announcement that on October 16, 2026, the company's board of directors received a "Letter Regarding the Proposal for GalaxyCore Co., Ltd. to Repurchase Company Shares" submitted by Mr. Zhao Lixin, the company's actual controller, chairman, and chief executive officer. Mr. Zhao Lixin proposed that the company use its own funds to repurchase part of the company's already issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. Total repurchase funds: no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used at an appropriate time in the future for employee stock ownership and/or equity incentive plans, and/or to safeguard the company's value and shareholders' rights and interests (to be sold in the future).