On February 2, 2026, Espressif Systems made an announcement stating that its board of directors had been presented with a proposal. This proposal came from its controlling shareholder, who is also the de facto controller and chairman of the company, TEO SWEE ANN (Chinese name: Zhang Rui'an). The proposal entails the company repurchasing a portion of its A - share stocks. The funds for this buyback will be sourced from the company's own coffers, and the repurchase will be carried out through the trading system of the Shanghai Stock Exchange using centralized bidding transactions.

According to the proposal, the total amount allocated for the share repurchase is set to be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive). Additionally, the repurchase price per share is capped at RMB 170.29 (inclusive). The repurchased shares are earmarked for employee stock ownership plans or equity incentive schemes. These shares will be transferred within three years following the release of the announcement regarding the repurchase results and share changes. In the event that any of the repurchased shares remain unused within the stipulated time frame, they will be duly canceled in compliance with relevant laws.