Piotech Inc. Chairman Proposes Share Buyback of 200 Million to 300 Million Yuan

Stock News10-15

The board of directors of Piotech Inc. (SSE: 688072) announced that on October 15, 2026, it received a letter from the company's chairman, Lv Guangquan, proposing a share repurchase of the company's stock.

Lv Guangquan proposed that the company use its own funds to repurchase a portion of its already-issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system via centralized competitive bidding.

The total repurchase amount will be no less than 200 million yuan (inclusive) and no more than 300 million yuan (inclusive). The repurchased shares are intended to be used for employee equity incentives, an employee shareholding plan, or to reduce the company's registered capital.

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