Zhitong Finance App News, Lanqi Technology (688008.SH) issued an announcement. On July 16, 2026, the board of directors of the company received a “Letter on Proposing Lanqi Technology Co., Ltd. to repurchase the company's A shares” from Mr. Yang Chonghe, Chairman and CEO of the company. Mr. Yang Chonghe proposed that the company use its own capital to buy back the company's A shares through centralized bidding transactions through the Shanghai Stock Exchange trading system. The total capital to be repurchased is not less than RMB 300 million (inclusive), and not more than RMB 600 million (inclusive).

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