According to CoinMeta, Guangli Micro announced that Mr. Zheng Yongjun, the actual controller, chairman, and general manager of the company, proposed that the company repurchase a portion of its issued Renminbi ordinary shares (A-shares) through the Shenzhen Stock Exchange's stock trading system using a centralized bidding method. The repurchased shares will be used in the future for equity incentives or employee stock ownership plans. The price of the repurchased shares will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board of directors' approval of the repurchase plan, with the specific price subject to the repurchase plan approved by the board of directors. The total amount of funds allocated for share repurchase is not less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive).