Dongcai Technology announced that on November 12, 2026, Chairman Tang Anbin of the company proposed that the company buy back some A-shares through centralized bidding transactions, with a total repurchase capital of not less than 50 million yuan and no more than 100 million yuan. The repurchase price is not higher than 150% of the average stock trading price in the 30 trading days before the board of directors deliberates and approves the buyback decision. The repurchase shares are intended to be used for employee stock ownership plans or equity incentives, reduce registered capital, or protect the company's value and shareholders' rights. The details are subject to the repurchase plan approved by the review. Tang Anbin proposed reducing the company's shares by 2.89 million shares in the previous six months. He promised that the board of directors would vote in favor of the repurchase bill. This repurchase is subject to approval procedures, and there is uncertainty.

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.