Hong Fuhan announced that Zhang Dingwu, the controlling shareholder, actual controller, chairman and general manager of the company, proposed to repurchase the company's shares at 25 million yuan to 50 million yuan. The upper limit of the repurchase price of shares was not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors reviewed and approved the share repurchase plan resolution.

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