Puyuan Semiconductor (688766.SH) announced that its controlling shareholder, actual controller, and chairman, Wang Nan, has proposed that the company use its own funds to repurchase shares through centralized bidding transactions. The total repurchase amount will range from RMB 30 million to RMB 50 million, with the maximum repurchase price set at 150% of the average trading price of the company's shares over the 30 trading days prior to the board's approval of the repurchase resolution. This repurchase aims to safeguard the company's value and shareholders' interests. The repurchased shares are planned to be sold 12 months after the disclosure of the repurchase results announcement. If not fully sold within three years, they will be canceled.
