Chairman Jingfeng of Hongta (601236.SH) proposes to repurchase shares worth 100 million to 200 million yuan.

Announcement from Hongta (601236.SH): On May 9, 2025, the company received a letter from Chairman Jing Feng (referred to as the "proposer") proposing Hongta to carry out share repurchase and cancellation. The total amount of funds for this buyback of shares shall not be less than RMB 100 million, and shall not exceed RMB 200 million. The maximum repurchase price shall not exceed 150% of the average trading price of the company's stock in the 30 trading days prior to the board of directors' approval of the share repurchase program resolution. The repurchased shares will be used to reduce the registered capital.