The controlling shareholder of Noah (688105.SH), Cao Lin, has proposed a share buyback program of 5 to 10 million yuan.

Chinatimes Financial News App News, Nuowei Zan (688105.SH) announced that Mr. Cao Lin, Chairman, General Manager, and actual controller of the company, proposed that the company repurchase some of its shares through centralized bidding trading for the purpose of company equity incentives or employee stock ownership plans. The total amount of funds for repurchasing shares shall not be less than RMB 5 million (inclusive) and not more than RMB 10 million (inclusive); the repurchase price shall not exceed RMB 30 per share (inclusive). The repurchase period shall be within 12 months from the date when the company's board of directors approves the repurchase plan.