Huaan Securities announced that on July 18, Zhang Hongtao, chairman of the company, proposed to repurchase shares. As a result of July 1 to 17, the company's A-share price fell by a cumulative total of 26.46% for 13 consecutive trading days, triggering a repurchase situation. It is proposed to repurchase A-shares, with capital not less than 100 million yuan and no more than 200 million yuan. According to the rules, they will be sold 12 months after disclosing the repurchase results, and cancelled if not sold out within 3 years. The repurchase period is not more than 3 months, and the price is not higher than 150% of the average price in the 30 trading days before the board of directors passed the resolution. The matter has yet to go through the review process, and there is uncertainty.

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