Zhao Yi, the actual controller, who also serves as the chairman and general manager of Changchuan Technology, has put forth a proposal stating that the company plans to utilize its own funds or those raised independently to repurchase shares via centralized bidding transactions. The total amount earmarked for this share buyback initiative will range between 50 million RMB and 100 million RMB. The repurchased shares are earmarked for equity incentive programs or employee stock ownership schemes.
