Zhitong Finance App News, Hengkun New Materials (688727.SH) issued an announcement. On November 9, 2026, the board of directors of the company received a “Letter Proposing Xiamen Hengkun New Materials Technology Co., Ltd. to buy back the company's shares” from Mr. Yi Rongkun, the chairman, controlling shareholder and actual controller. Mr. Yi Rongkun proposed that the company use its own capital and/or self-financing to repurchase RMB common stock (A shares) shares already issued by the company, with a total repurchase capital of not less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive). The repurchased shares will be used for share cancellation, protection of the company's value and shareholders' rights, or for equity incentives, employee stock ownership plans, etc. at appropriate times in the future.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.