Zhitong Finance App News, Zhaoyi Innovation (03986) announced that in order to protect the interests of all shareholders of the company, enhance investor confidence, and stabilize and enhance the company's value, based on confidence in the company's future development, Chairman Zhu Yiming proposed that the company repurchase shares through centralized bidding transactions. After the repurchase is completed, the company's registered capital will be cancelled and the company's registered capital reduced in accordance with the law. The repurchase capital is not less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive).

On July 29, 2026, the company received the “Letter of Commitment not to reduce the shares of Gigayi Innovation Shares for the next 12 months” issued by the proponent. Mr. Zhu Yiming voluntarily promised not to reduce his holdings in the company in any way for 12 months from July 29, 2026. On the same day, the company received the “Notice Letter on the Mega Yi Innovation Share Increase Plan” issued by the proponent. Mr. Zhu Yiming plans to increase his holdings of the company's shares through centralized bidding transactions and/or bulk transactions during the period from December 13, 2026 to July 29, 2027, with his own and/or self-funded funds, with an increase of not less than RMB 1 billion (inclusive).

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.