According to Zhitong Finance App News, Baiwei Storage (688525.SH) issued an announcement. On October 15, 2026, the company received the “Letter on Proposing Shenzhen Baiwei Storage Technology Co., Ltd. to repurchase the company's shares” submitted by Sun Chengsi, the controlling shareholder, actual controller and chairman. Sun Chengsi proposed that the company repurchase some of the company's shares through centralized bidding transactions. The repurchase was mainly based on maintaining the company's value and shareholders' rights. The total capital for repurchasing shares is 200 million yuan to 250 million yuan. The upper limit of the repurchase price is not higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors of the company deliberates and approves the share repurchase plan resolution.

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