According to the Hengkun New Materials announcement, on November 9, 2026, Yi Rongkun, the chairman, controlling shareholder and actual controller of the company proposed that the company use its own and/or self-raised funds to repurchase some A-shares through centralized bidding transactions. The total repurchase capital is not less than 50 million yuan and no more than 100 million yuan. The repurchase price is not higher than 150% of the average trading price of the company's stock in the 30 trading days before the board of directors reviewed and approved the repurchase plan. The repurchase of shares is intended to be used for stock cancellation, protection of company value and shareholders' rights, or for equity incentives, employee stock ownership plans, etc. at an appropriate time in the future. Yi Rongkun promised that the board of directors will vote in favor of the repurchase bill. The repurchase matter still needs to go through the approval process, and there is uncertainty.

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