Zhitong Finance App News, Zhenbao Technology (688797.SH) issued an announcement. Wang Bing, the company's controlling shareholder, actual controller and chairman, proposed that the company repurchase some of the RMB common shares (A shares) already issued by the company through centralized bidding transactions through the Shanghai Stock Exchange stock trading system. The repurchased shares are intended to be used for equity incentives/employee stock ownership plans or to reduce the company's registered capital. The total capital for repurchasing shares is not less than 80 million yuan (inclusive) and no more than 120 million yuan (inclusive). The sources of repurchase funds are overfunded from the company's initial public offering of RMB common shares and the company's own capital or self-financing.

Zhitong Finance App News, Zhenbao Technology (688797.SH) issued an announcement. Wang Bing, the company's controlling shareholder, actual controller and chairman, proposed that the company repurchase some of the RMB common shares (A shares) already issued by the company through centralized bidding transactions through the Shanghai Stock Exchange stock trading system. The repurchased shares are intended to be used for equity incentives/employee stock ownership plans or to reduce the company's registered capital. The total capital for repurchasing shares is not less than 80 million yuan (inclusive) and no more than 120 million yuan (inclusive). The sources of repurchase funds are overfunded from the company's initial public offering of RMB common shares and the company's own capital or self-financing.