Kangxi Communication (688653.SH) proposed to repurchase the company's shares with an amount ranging from 20 million to 30 million yuan.

Intelligent Financial News App, Kangxi Communication (688653.SH) announced that the company's board of directors received a letter from Mr. PING PENG, the actual controlling shareholder, chairman, and general manager of the company, on June 13, 2026, proposing the repurchase of the company's shares by Gran Kangxi Communication Technology (Shanghai) Co., Ltd. PING PENG proposed that the company use its own funds to repurchase some of the RMB ordinary shares (A shares) already issued by the company through the Shanghai Stock Exchange trading system in a centralized competitive trading manner. The total amount of funds for the repurchase shall not be less than 20 million yuan (inclusive) and not exceed 30 million yuan (inclusive). The repurchased shares will be used in the future for an employee shareholding plan or equity incentive plan at an appropriate time.