Longcheer Technology has unveiled plans to repurchase shares through centralized bidding transactions, with an anticipated investment ranging from RMB 250 million to RMB 500 million. The repurchase will adhere to a cap of RMB 50 per share and will span a period of 12 months. The funding for this endeavor will derive from the company's self-owned and self-raised capital. The repurchased shares will be allocated towards employee stock ownership plans or equity incentives, aiming to bolster employee engagement and loyalty.