Hwatsing Technology (688120.SH) Chairman proposes repurchasing company shares for RMB 50 million to RMB 100 million.

Zhitong Finance APP News, Hwatsing Technology (688120.SH) announced that the company's board of directors received a letter on October 19, 2026 from Mr. Wang Tongqing, the company's chairman and general manager, titled "Letter Regarding the Proposal for Hwatsing Technology Co., Ltd. to Repurchase Company Shares." Mr. Wang Tongqing proposed that the company use its own funds and/or self-raised funds to repurchase part of its issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding, with the total repurchase amount not less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive), and that the repurchased shares be used for equity incentives at an appropriate time in the future.