Zhongxin Corporation: The chairman suggests a share repurchase of 30 to 50 million yuan.

Zhongxin Shares announced that the actual controller, chairman, and general manager of the company, Teng Bubin, proposed on June 25th to use its own funds to repurchase the company's A shares through centralized bidding trading. The repurchase amount will not be less than 30 million yuan and not more than 50 million yuan, with a price not higher than 150% of the average price of the previous 30 trading days before the board of directors' deliberation. The repurchase period is within 12 months from the date of approval by the board of directors, and the shares will be used to implement a new round of equity incentives. This repurchase still needs to go through approval procedures and there is uncertainty.