Chairman and General Manager Wang Tongqing of Huahai Qingke (688120.SH) proposed to repurchase 50 to 100 million yuan.

Interpreter Financial News APP, Huahaiqingke (688120.SH) announced that the board of directors of the company received a letter from Mr. Wang Tongqing, the chairman and general manager of the company, on June 17, 2025, proposing the company to repurchase the company's shares. Mr. Wang Tongqing proposed that the company use the excess funds obtained from the initial public offering of RMB common stock (A shares) and its own funds to repurchase some of the company's issued RMB common stock (A shares) through centralized bidding trading. The repurchased shares will be used for employee stock ownership plans, equity incentives, or for cancellation and reduction of the company's registered capital at a suitable time in the future.