Zhitong Finance App News, Lanqi Technology (06809) issued an announcement. On October 16, 2026, the board of directors of the company received a “Letter on Proposing Lanqi Technology Co., Ltd. to Repurchase Company A Shares” from Mr. YUHUA CHENG (Cheng Yuhua), an independent director of the company. Mr. YUHUA CHENG (Yuhua Cheng) proposed that the company use its own funds to buy back the company's A shares through centralized bidding transactions. Total share repurchase capital: not less than RMB 300 million (inclusive) and not more than RMB 500 million (inclusive). All of the shares repurchased will be used for employee stock ownership plans or equity incentives at an appropriate time in the future, and transferred within 3 years after the share repurchase implementation results and share change announcement; if the shares repurchased are not transferred within 3 years after the share repurchase implementation results and share change announcement, the company will follow the procedure to reduce the registered capital in accordance with the law, and the untransferred shares will be cancelled.

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