According to the Zhitong Finance App, Silicon Bao Technology (300019.SZ) announced that the company plans to use its own and/or self-funded funds to repurchase some of the company's issued RMB common stock (A shares) through the Shenzhen Stock Exchange trading system and take the opportunity to use it for subsequent equity incentives or employee stock ownership plans. The repurchase capital is not less than RMB 80 million (inclusive) and no more than RMB 160 million (inclusive). The price of the shares to be repurchased shall not exceed RMB 20 per share (inclusive).

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