HK Stock Market Move | Nexchip Semiconductor Corporation (02249) Rises Nearly 7% Again; Chairman Cai Guozhi Proposes Repurchase of No Less Than RMB500 Million of A-Shares and HK$300 Million of H-Shares

Nexchip Semiconductor Corporation (02249) rose nearly 7% again, up 6.73% as of press time to HK$19.99, with turnover of HK$12.3845 million. On the news front, Nexchip Semiconductor Corporation announced that the board of directors received a letter from Chairman Cai Guozhi on October 27, 2026, proposing a repurchase of the company's shares. Cai Guozhi proposed that the company use its own funds and/or self-raised funds to repurchase its issued RMB ordinary shares (A-shares) and overseas-listed foreign shares (H-shares). The total repurchase amount for A-shares shall be no less than RMB500 million (inclusive) and no more than RMB800 million (inclusive); the total repurchase amount for H-shares shall be no less than HK$300 million (inclusive) and no more than HK$600 million (inclusive).