Biwin Storage Technology (688525.SH) controlling shareholder proposes a RMB 200 million to RMB 250 million share buyback.
Biwin Storage Technology (688525.SH) announced that on October 15, 2026, the company received a letter titled "Proposal Regarding the Repurchase of Company Shares of Shenzhen Biwin Storage Technology Co., Ltd." submitted by Sun Chengsi, the controlling shareholder, actual controller, and chairman. Sun Chengsi proposed that the company repurchase part of its shares through centralized bidding trading. This repurchase is mainly based on safeguarding the company's value and shareholders' rights and interests, and all repurchased shares will be used for cancellation and reduction of registered capital. The total funds for the share repurchase will be RMB 200 million to RMB 250 million, and the upper limit of the repurchase price shall not be higher than 150% of the average trading price of the company's shares over the 30 trading days prior to the resolution of the board of directors approving the share repurchase plan.
Biwin Storage Technology (688525.SH) announced that on October 15, 2026, the company received a "Letter Regarding the Proposal to Repurchase Company Shares of Shenzhen Biwin Storage Technology Co., Ltd." submitted by Sun Chengsi, the controlling shareholder, actual controller, and chairman. Sun Chengsi proposed that the company repurchase part of its shares through centralized bidding trading. This repurchase is mainly based on safeguarding the company's value and shareholders' rights and interests, and all repurchased shares will be used for cancellation and reduction of registered capital. The total funds for the repurchase of shares will be RMB 200 million to RMB 250 million, and the upper limit of the repurchase price shall not be higher than 150% of the average trading price of the company's shares over the 30 trading days before the resolution of the board of directors approving the share repurchase plan.
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