According to the Zhitong Finance App, Xincaipu (300248.SZ) announced that Mr. Yang Weiguo, the controlling shareholder, actual controller, chairman and general manager of the company, proposed that the company use its own funds and/or self-financing to repurchase some RMB common shares (A shares) already issued by the company through centralized bidding transactions. The total capital used for the repurchase this time is not less than RMB 30 million (inclusive) and no more than RMB 60 million (inclusive).

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