On October 29, Huahong Hongli and the two leading semiconductor companies on the Science and Technology Innovation Board issued repurchase proposals. The total maximum repurchase amount reached 1 billion yuan. Bai Peng, chairman of the board of directors and president of Huahong Hongli, proposed that the company use 300 to 500 million yuan to repurchase A-shares. The purpose of the repurchase is to cancel shares, protect shareholder value and shareholders' rights, or use equity incentives and employee stock ownership plans at an appropriate time in the future. This is the first time since the company's A-share listing was released. China Micro, on the other hand, has launched a repurchase plan for the second time since listing. The minimum repurchase limit for this time is 400 million yuan, which has already exceeded the actual repurchase amount of the previous one.

On October 29, Huahong Hongli and the two leading semiconductor companies on the Science and Technology Innovation Board issued repurchase proposals. The total maximum repurchase amount reached 1 billion yuan. Bai Peng, chairman of the board of directors and president of Huahong Hongli, proposed that the company use 300 to 500 million yuan to repurchase A-shares. The purpose of the repurchase is to cancel shares, protect shareholder value and shareholders' rights, or use equity incentives and employee stock ownership plans at an appropriate time in the future. This is the first time since the company's A-share listing was released. China Micro, on the other hand, has launched a repurchase plan for the second time since listing. The minimum repurchase limit for this time is 400 million yuan, which has already exceeded the actual repurchase amount of the previous one.