Lanqi Technology: Independent Director Proposes Share Buyback of 300 Million to 500 Million Yuan in A-Share Stock

36Kr reports that Lanqi Technology announced that independent director Cheng Yuhua proposed that the company use its own funds to repurchase A-share stock via centralized bidding trading. The total amount for the share buyback will be no less than 300 million yuan and no more than 500 million yuan, with the repurchased shares intended for an employee stock ownership plan or equity incentives. Proposer Cheng Yuhua did not trade in the company's shares within the six months prior to the proposal and currently holds no company stock; there are no plans to increase or decrease holdings during the buyback period.