Zhitong Finance App News, Dongwang Times (600052.SH) announced that on November 17, 2023, the company received the “Letter on Proposed Repurchase of the Company's Shares” from Zhao Yunchi, the company's director and general manager. Zhao Yunchi proposed that the company carry out share repurchases through centralized bidding transactions. The repurchased shares would be cancelled and the company's registered capital reduced. The total capital for repurchasing shares is not less than 30 million yuan (inclusive) and no more than 60 million yuan (inclusive); the price of repurchasing shares is not more than 5.5 yuan/share. The period for repurchasing shares shall not exceed 12 months from the date the board of directors deliberates and approves the final share repurchase plan.