Xiamen Hengkun New Materials Technology (688727.SH): Actual controller proposes share repurchase of RMB50 million to RMB100 million.

Hengkun New Materials (688727.SH) announced that on November 9, 2026, the company's board of directors received a letter from Mr. Yi Rongkun, chairman, controlling shareholder, and actual controller, titled "Letter Regarding the Proposal to Repurchase Shares of Xiamen Hengkun New Materials Technology Co., Ltd." Mr. Yi Rongkun proposed that the company use its own funds and/or self-raised funds to repurchase its issued RMB ordinary shares (A shares), with the total repurchase amount not less than RMB50 million (inclusive) and not more than RMB100 million (inclusive). The repurchased shares will be used for share cancellation, maintaining the company's value and shareholders' rights and interests, or for equity incentives, employee stock ownership plans, etc. at an appropriate time in the future.