On October 25, 2025, Supcon Technology (688777.SH) made an official announcement, revealing its intention to launch a share repurchase program. The planned repurchase amount ranges from RMB 500 million to RMB 1 billion, with the repurchase price capped at no more than RMB 68.81 per share. In Western financial contexts, share repurchases (also known as buybacks) are a common corporate action, often used to signal confidence in the company's future prospects or to adjust the capital structure. Here, Supcon Technology intends to utilize the repurchased shares for equity incentive schemes and/or employee stock ownership plans. This strategic move is aimed at fostering the smooth execution of its industrial artificial intelligence development strategy. By aligning the interests of employees with the company's long-term goals through stock-based incentives, Supcon Technology hopes to drive innovation and growth in the competitive field of industrial AI.