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On October 18, 2026, GalaxyCore (688728.SH) made an announcement stating that its board of directors had received a proposal from Zhao Lixin. As the actual controller, chairman, and CEO of the company, Zhao Lixin suggested repurchasing the company's A-share shares through centralized bidding transactions using the company's own funds. The proposed total amount for the repurchase is set to be no less than 150 million RMB and no more than 300 million RMB. The repurchase price is capped at 150% of the average trading price of the shares over the 30 trading days prior to the board's resolution. The repurchased shares are intended for use in employee stock ownership plans or equity incentive schemes, as well as to protect the company's value and shareholders' interests.
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