Zhitong Finance App News, Yongmaotai (605208.SH) issued an announcement. On July 31, 2026, the board of directors of the company received the “Letter on Proposed Repurchase of the Company's Shares” issued by Mr. Xu Hong, the chairman, controlling shareholder and one of the actual controllers of the company. Mr. Xu Hong proposed that the company use its own capital and self-raised funds to repurchase some of the company's issued RMB common shares (A shares) through centralized bidding transactions through the Shanghai Stock Exchange trading system. The total share repurchase capital is 150 million yuan to 300 million yuan. The repurchase price is not higher than 150% of the average stock trading price in the 30 trading days before the board of directors deliberates and approves the buyback plan resolution.

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