Zhitong Finance App News, Xinyisheng (300502.SZ) issued an announcement. Mr. Gao Guangrong, the controlling shareholder, actual controller and chairman of the company, proposed that the company use its own or self-raised funds to repurchase some of the company's issued RMB common shares (A shares) through centralized bidding transactions through the Shenzhen Stock Exchange trading system, and take the opportunity to use them for subsequent equity incentive plans or employee stock ownership plans. The total repurchase capital shall not be less than RMB 800 million (inclusive) and not more than RMB 1 billion (inclusive).

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