According to Zhitong Finance App News, Baiwei Storage (688525.SH) announced that Sun Chengsi, the controlling shareholder, actual controller and chairman of the company, proposed that the company repurchase some of the company's shares through centralized bidding transactions. The repurchase is mainly based on protecting the company's value and shareholders' rights. All of the repurchased shares will be used to cancel and reduce registered capital. The total capital for repurchasing shares is 200 million yuan to 250 million yuan. The source of repurchase funds is the company's own funds or self-raised funds.

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