Changxin Technology: Plans to repurchase company shares for RMB 1 billion to RMB 2 billion.

PANews, October 16 news: Changxin Technology announced that the company's board of directors received a letter on October 16, 2026 from Chairman Zhu Yiming proposing a share repurchase by the company, intended to be carried out through centralized bidding transactions, with a total funding amount of no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive), and a price no higher than 150% of the average trading price of the company's shares over the 30 trading days prior to the board of directors' resolution approving the repurchase plan. The repurchased shares are intended to be used for employee equity incentives, employee stock ownership plans, or to reduce the company's registered capital; the relevant plan still needs to be approved by the board of directors or the shareholders' meeting.