Xingsen Technology announced that the company received a proposal from the controlling shareholder, actual controller, chairman and general manager Qiu Xingya to use self-raised funds or other legal funds to repurchase the company's shares through centralized bidding. The total repurchase capital is not less than 400 million yuan and no more than 500 million yuan. The repurchase of shares will be used for equity incentives or employee stock ownership plans. The proponent did not trade the company's shares in the six months prior to the proposal, and there are no plans to increase or decrease its holdings during the repurchase period.

Xingsen Technology announced that the company received a proposal from the controlling shareholder, actual controller, chairman and general manager Qiu Xingya to use self-raised funds or other legal funds to repurchase the company's shares through centralized bidding. The total repurchase capital is not less than 400 million yuan and no more than 500 million yuan. The repurchase of shares will be used for equity incentives or employee stock ownership plans. The proponent did not trade the company's shares in the six months prior to the proposal, and there are no plans to increase or decrease its holdings during the repurchase period.