Yongzhen Technology announced that in order to regulate share repurchases, the company has formulated a management system. Applicable situations include reduction of registered capital, use for equity incentives, etc. Repurchases can be made using centralized bidding, etc., and capital can come from own funds, etc. The system clarifies basic requirements for repurchases, implementation procedures, information disclosure, share handling, and daily supervision. If the repurchase of shares must meet conditions such as six months after listing, etc., the repurchase period depends on the circumstances, and progress must be disclosed in accordance with regulations. The repurchase plan may not be changed or terminated for reasons other than due to legitimate reasons, and violations of regulations will be punished. The system is implemented from the date of review and approval by the board of directors.

Yongzhen Technology announced that in order to regulate share repurchases, the company has formulated a management system. Applicable situations include reduction of registered capital, use for equity incentives, etc. Repurchases can be made using centralized bidding, etc., and capital can come from own funds, etc. The system clarifies basic requirements for repurchases, implementation procedures, information disclosure, share handling, and daily supervision. If the repurchase of shares must meet conditions such as six months after listing, etc., the repurchase period depends on the circumstances, and progress must be disclosed in accordance with regulations. The repurchase plan may not be changed or terminated for reasons other than due to legitimate reasons, and violations of regulations will be punished. The system is implemented from the date of review and approval by the board of directors.