Lomon Billions chairman proposes share repurchase plan

** Lomon Billions Group (SZSE: 002601) is considering a share repurchase program following a proposal from Chairman He Benliu, as disclosed in a filing dated April 22, 2025. The proposal suggests using concentrated bidding to buy back some of the company's A-shares for an amount between CNY 300 million and CNY 500 million, with the repurchased shares intended for future employee stock ownership plans or equity incentives. He Benliu expressed his confidence in the company's future prospects and commitment to shareholder value.