Nexchip has unveiled a plan to buy back its A-shares through centralized bidding, with the total repurchase amount set between RMB 500 million and RMB 800 million and a ceiling price of RMB 37 per share. The repurchased shares are intended for use in an employee stock ownership plan or equity incentive program. Should the transfer of these shares not be completed within three years, the company will reduce its registered capital and cancel the remaining shares in accordance with applicable laws. Based on the maximum repurchase price, the company expects to buy back approximately 13.5135 million to 21.6216 million shares, representing 0.60% to 0.97% of its total share capital. The repurchase will be funded by the company's own capital and/or self-raised funds, and will be carried out within 12 months following approval by the board of directors.