GalaxyCore Inc. (688728.SH) Actual Controller Proposes RMB 150 Million to RMB 300 Million Share Buyback
GalaxyCore (688728.SH) announced that on October 16, 2026, the company's board of directors received a "Letter Regarding the Proposal for GalaxyCore Inc. to Repurchase Company Shares" submitted by Mr. Zhao Lixin, the company's actual controller, chairman, and chief executive officer. Mr. Zhao Lixin proposed that the company use its own funds to repurchase part of its issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. Total repurchase funds: no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used at an appropriate time in the future for employee shareholding and/or equity incentive plans, and/or to safeguard the company's value and shareholders' interests (to be sold in the future).
GalaxyCore Inc. (688728.SH) announced that on October 16, 2026, the Company's Board of Directors received a letter titled "Letter Regarding the Proposal for GalaxyCore Inc. to Repurchase the Company's Shares" submitted by Mr. Zhao Lixin, the Company's actual controller, Chairman, and Chief Executive Officer. Mr. Zhao Lixin proposed that the Company repurchase a portion of its issued RMB ordinary shares (A shares) using its own funds through the centralized bidding trading method via the Shanghai Stock Exchange trading system, with the total repurchase amount being no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used at appropriate future times for employee shareholding and/or equity incentive plans, and/or to safeguard the Company's value and shareholders' interests (to be sold in the future).
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