Zhitong Finance App News, Shenghong Technology (02476) announced that based on recognition of the company's future development and long-term value, in order to protect the interests of the company's investors, especially small and medium-sized investors, and enhance investor confidence, in line with the company's business situation, financial situation and capital plans, Mr. Chen Tao, the company's actual controller and chairman, proposed that the company buy back some RMB common stock (A shares) shares already issued by the company through centralized bidding transactions through the Shenzhen Stock Exchange trading system, and use them for equity incentives or employee stock ownership plans at appropriate times in the future. The total capital of this repurchase is not less than 150 million yuan and no more than 300 million yuan (all capital included).

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