On the evening of October 16, Changxin Technology issued an announcement stating that Chairman Zhu Yiming proposed that the company buy back 1 billion yuan to 2 billion yuan of shares. In response, some industry insiders analyzed that this move has released two signals: first, the absolute repurchase scale is at the top of the Science and Technology Innovation Board. Companies listed on the Science and Technology Innovation Board used to focus on the repurchase range of 200 million yuan to 800 million yuan. Changxin Technology's large repurchase has released a clear attitude of management optimistic about the company's market value and actively stabilizing expectations; second, the 2 billion yuan repurchase corresponds to recyclable shares, accounting for nearly 1% of the total share capital currently in circulation. The company currently sells only 6.63% of the current circulating share capital, based on the already scarce circulation supply and repurchase. The chip contraction effect and emotional support effect will be amplified.

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