Jiangsu Cnano Technology Co., Ltd. (688116.SH) controlling shareholder proposed that the company repurchase shares worth 50 million to 100 million yuan.

Jiangsu Cnano Technology Co., Ltd. (688116.SH) announced that the company's board of directors received a proposal from the company's controlling shareholder, actual controller, and chairman and general manager Zheng Tao on January 9, 2025, regarding the proposal to repurchase the company's shares. Zheng Tao proposed that the company repurchase a portion of the company's issued Renminbi-denominated ordinary shares (A shares) through the Shanghai Stock Exchange trading system using its own funds and/or self-raised funds through centralized competitive bidding trading method. The amount of the repurchase shall not be less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive). The repurchased shares will be used for an employee stock ownership plan and/or equity incentive at a suitable time in the future, and will be transferred within three years after the announcement of the implementation results and share changes of the repurchase. The price of the repurchased shares shall not exceed RMB 63.47 per share (inclusive), and the repurchase period shall not exceed 12 months from the date of approval by the company's board of directors of this repurchase plan.