Changchuan Technology announced that Zhao Yi, the actual controller, chairman and general manager of the company, proposed that the company use its own or self-raised funds to repurchase shares, with a total capital of not less than RMB 50 million and no more than RMB 100 million. The repurchase price is not higher than 150% of the average stock transaction price in the 30 trading days before the board of directors deliberates and approves the buyback plan resolution, which is intended to be used for equity incentives or employee stock ownership plans.

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