NARI Technology chairman proposes share repurchase plan

NARI Technology (SSE:600406) announced that it received a proposal from Chairman Shan Shewu on April 7, 2025, to repurchase a portion of the company's shares. The proposed repurchase aims to safeguard shareholder interests, boost investor confidence, create a long-term incentive structure, and stabilize the company's value. The company intends to use the repurchased shares for a future equity incentive plan. The repurchase will be conducted via centralized bidding through the Shanghai Stock Exchange. The proposed repurchase price will not exceed 150% of the average stock trading price in the 30 trading days before the board approves the repurchase plan. The total repurchase amount is estimated to be between CNY 500 million and CNY 1 billion, subject to board approval.