The chairman of MTM proposed to repurchase company shares worth between 30 million and 50 million yuan

According to the announcement from Zhitong Finance APP, MTM (688029.SH) received a letter from the company's chairman, Mr. Long Xiaohui, on April 14, 2025, proposing that MTM repurchase the company's publicly held shares through centralized bidding. The total amount of funds for this repurchase will not be less than RMB 30 million (inclusive) and will not exceed RMB 50 million (inclusive). The purpose of the repurchased shares is for equity incentives or employee stock ownership plans