Gelonghui, Feb. 20 | Bangyan Technology (688132.SH) announced that the company plans to use overraised capital to repurchase the company's publicly issued common stock (A shares) shares through centralized bidding transactions and use it to implement employee stock ownership plans and/or equity incentive plans at an appropriate time in the future. The total repurchase capital shall not be less than RMB 28 million (inclusive) and not more than RMB 48 million (inclusive).

Based on the company's current total share capital of 152,225,204 shares, calculated based on the minimum repurchase amount of RMB 28 million, the maximum repurchase amount of RMB 48 million, and the maximum repurchase price of RMB 27 per share, the proposed number of shares to be repurchased is approximately 1.037 million shares to 1.777,800 shares, accounting for approximately 0.68% to 1.17% of the company's total share capital.