Hangzhou Changchuan Technology (300604.SZ) actual controller proposes share buyback of RMB 50 million to RMB 100 million.
Changchuan Technology (300604.SZ) announced that on October 15, 2026, the company's board of directors received a letter from Mr. Zhao Yi, the company's actual controller, chairman, and general manager, proposing the repurchase of company shares of Hangzhou Changchuan Technology Co., Ltd. Mr. Zhao Yi proposed that the company use its own funds or self-raised funds to repurchase part of its issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, with the total repurchase amount not less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive), to be used for equity incentives or employee stock ownership plans.
Hangzhou Changchuan Technology (300604.SZ) announced that on October 15, 2026, the company's board of directors received a letter titled "Proposal Regarding the Repurchase of Shares of Hangzhou Changchuan Technology Co., Ltd." from Mr. Zhao Yi, the company's actual controller, chairman, and general manager. Mr. Zhao Yi proposed that the company use its own funds or self-raised funds to repurchase a portion of its already-issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system via centralized bidding transactions. The total repurchase amount shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive), and the repurchased shares will be used for equity incentives or employee stock ownership plans.
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