Kingfa Sci.&Tech.Co.,Ltd. Chairman Proposes Share Buyback of 300 Million to 500 Million Yuan for Cancellation and Capital Reduction

Deep News10-19 20:52

From October 20 to 22, by the Huangpu River in Shanghai, the 2026 Sustainable Global Leaders Conference is returning once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the involution era—Macfarlane—will hold a live dialogue with Xiang Biao!

Limited seats available, first come first served. Let us join together for the date with sustainability! [Click to register] According to a news release, on October 19, Kingfa Sci.&Tech.Co.,Ltd. (600143) issued an announcement stating that on October 18, 2026, the company received a share buyback proposal letter submitted by Chairman Mr. Chen Pingxu, proposing that the company use its own funds and self-raised funds to repurchase part of its RMB ordinary shares A-shares through centralized bidding transactions. The total repurchase amount is RMB 300 million (inclusive) to 500 million yuan (inclusive), and the repurchased shares will all be used for cancellation and to reduce the company's registered capital.

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