Biwin Storage has issued a business announcement, stating that the company is expediting its dual-pronged strategy focusing on storage and wafer-level advanced packaging and testing. It is accelerating the development of related projects, while also investing in research and development and the industrial application of various advanced packaging technologies within the advanced storage sector. At the same time, the company is proactively venturing into emerging markets, such as artificial intelligence computing infrastructure, to foster new avenues for growth and capitalize on medium- to long-term storage market opportunities arising from the expansion of the AI industry. This move leverages the company's technological and industrial synergies. Moreover, the company's actual controller, Sun Chengsi, has put forward a proposal to repurchase company shares valued between 200 million and 250 million yuan, with the intention of canceling them and reducing the company's capital. The company will proceed with the deliberation and approval processes for this plan, enhance the investor return mechanism, and protect the long-term interests of both the company and its shareholders.
