Sugon (603019.SH) Chairman proposes repurchasing company shares for RMB 300 million to RMB 500 million.

Zhitong Finance APP News, Sugon (603019.SH) announced that the company's board of directors received a letter from Mr. Li Jun, the company's chairman and general manager, on October 16, 2026, titled "Letter Regarding the Proposal for Sugon Information Industry Co., Ltd. to Repurchase Company Shares." Mr. Li Jun proposed that the company use its own funds to repurchase a portion of its issued RMB ordinary shares (A shares) through centralized bidding transactions. Total funds for the share repurchase: no less than RMB 300 million and no more than RMB 500 million. The repurchased shares are intended to be used for employee equity incentives or employee stock ownership plans.