Kuang-Chi Technologies considers share buyback to boost confidence

Kuang-Chi Technologies received a proposal on December 24, 2025, from its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., to repurchase a portion of the company's A-shares using its own funds. The proposed buyback, ranging from 50 million yuan to 100 million yuan, aims to safeguard shareholder interests, enhance long-term value, and strengthen employee motivation through an employee stock ownership plan or equity incentive.

The proposed share buyback would occur via centralized bidding on the Shenzhen Stock Exchange and would be completed within 12 months of the board's approval. The buyback price would not exceed 150% of the average trading price over the 30 trading days prior to the board's resolution. Any repurchased shares not utilized for employee incentives within three years would be cancelled.

Tibet Yingbang Industrial Development Co., Ltd. has committed to advocating for the proposal and has stated it currently has no plans to increase or decrease its holdings during the buyback period. The company's board will evaluate the proposal and proceed with necessary approvals and disclosures.