Piotech (688072.SH) Chairman proposes repurchasing 200 million to 300 million yuan of the company's shares.

Zhito Finance APP News: Piotech (688072.SH) announced that the company's board of directors received a letter on October 15, 2026 from Mr. Lyu Guangquan, Chairman of the company, titled "Letter Regarding the Proposal for Piotech Inc. to Repurchase Company Shares." Mr. Lyu Guangquan proposed that the company use its own funds to repurchase part of its already issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. The total amount of repurchase funds for this repurchase shall be no less than RMB 200 million (inclusive) and no more than RMB 300 million (inclusive). The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital.