The Zhitong Finance App learned that Guanghe Technology (01989) rose more than 8% in early trading. As of press release, it had risen 8.1% to HK$60.05, with a turnover of HK$29.4087 million.

According to the news, Guanghe Technology announced that based on confidence in the company's future development prospects and recognition of the company's stock value, in order to effectively maintain the company's value and shareholders' interests and enhance investor confidence, the 7th meeting of the third board of directors of the company reviewed and passed the “Proposal on the 2026 Second Phase Plan to Repurchase the Company's A-share Shares through Centralized Bidding”. The total amount of capital to be used to repurchase the company's shares through centralized bidding transactions is “necessary to maintain the company's value and shareholders' rights”. Not less than 200 million yuan and no more than 400 million yuan, and the share repurchase price shall not exceed RMB 204.00 per share.

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