According to the Zhitong Finance App, Hongquan Internet of Things (688288.SH) disclosed a share repurchase plan. The company's total repurchase capital is not less than RMB 20 million (inclusive) and no more than RMB 40 million (inclusive), and the repurchase price is not more than RMB 28.00 yuan/share (inclusive). The repurchased shares will be used for employee stock ownership plans or equity incentives at appropriate times in the future, as well as to protect the company's value and shareholders' rights.