Guanghe Technology (01989) Chairman proposes repurchase of up to RMB 100 million of A-shares.

Zhitong Finance APP News, Guanghe Technology (01989) announced that, based on confidence in the company's future development prospects and recognition of the company's stock value, in order to effectively safeguard the company's value and shareholders' interests and enhance investor confidence; at the same time, in order to further improve the company's long-term incentive mechanism and benefit-sharing mechanism, fully mobilize the enthusiasm of the company's management team, core backbone personnel and outstanding employees, enhance team cohesion and corporate competitiveness, and promote the company's healthy and sustainable development, Chairman Mr. Xiao Hongxing proposed that the company repurchase some of the company's A-shares through centralized bidding transactions using its own funds and/or self-raised funds, and use the repurchased shares for an equity incentive plan and/or employee stock ownership plan. The total amount of funds proposed for the share repurchase shall be no less than RMB 50 million and no more than RMB 100 million (inclusive).