Traffic Control Technology (688015.SH) independent director proposes repurchasing RMB 50 million to RMB 100 million of the company's shares.

Zhitong Finance APP news, Traffic Control Technology (688015.SH) announced that Wu Zhiyong, an independent director and member of the Audit Committee of the company, proposed that the company use its own funds or self-raised funds to repurchase company shares through centralized bidding transactions. The repurchased shares will all be used for employee stock ownership plans or equity incentives at appropriate times in the future. The total amount of funds for the share repurchase shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive).