Hengxuan Tech Controlling Shareholder Proposes Share Buyback of RMB 50-100 Million

Hengxuan Technology (688608) announced on September 9 that its controlling shareholder, actual controller, and chairman Liang Zhang proposed that the company repurchase its shares using its own funds through centralized bidding transactions. The total repurchase amount will be no less than RMB 50 million and no more than RMB 100 million, with a repurchase price not exceeding RMB 150 per share. The repurchased shares will be used for employee stock ownership plans and/or equity incentive plans.