CXMT: Chairman Proposes Share Buyback of 1 Billion to 2 Billion Yuan

36Kr learned that CXMT announced that the company's board received a proposal on October 16, 2026, from Chairman Zhu Yiming to repurchase the company's A-shares through the Shanghai Stock Exchange trading system via centralized bidding, using its own or self-raised funds. The total repurchase amount would be no less than 1 billion yuan and no more than 2 billion yuan. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or reducing registered capital. The repurchase price would not exceed 150% of the average trading price of the stock over the 30 trading days before the board approves the plan. The implementation period would be 12 months from the date the board or shareholders' meeting approves it. Zhu Yiming has not bought or sold company shares in the six months prior to the proposal and has committed to vote in favor of the buyback proposal at the board meeting.