Hengxuan Technology announced that the board of directors of the company has reviewed and approved the share repurchase plan. It plans to use its own funds to repurchase the company's shares, with no less than RMB 50 million and no more than RMB 100 million. The repurchase price will not exceed 150 yuan/share. The period is 12 months from the date the board of directors reviews and approves the repurchase plan. The repurchase shares will be used for employee stock ownership plans or equity incentive plans.

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