---
title: "Chairman of BYE, Hu Dezhao, proposed to spend 10 million to 20 million yuan to implement a buyback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250971966.md"
description: "According to the Zhitong Finance APP, BYE announced that the company's chairman Hu Dezhao proposed that the company use its own funds and self-raised funds to repurchase part of the issued A shares through centralized bidding transactions. The total amount of funds for the repurchase shall not be less than RMB 10 million (inclusive) and shall not exceed RMB 20 million (inclusive). The repurchase period is within 12 months from the date the company's board of directors approves the repurchase plan"
datetime: "2025-07-31T10:48:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250971966.md)
  - [en](https://longbridge.com/en/news/250971966.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250971966.md)
---

# Chairman of BYE, Hu Dezhao, proposed to spend 10 million to 20 million yuan to implement a buyback

According to the Zhitong Finance APP, BYE (603861.SH) announced that the company's chairman Hu Dezhao proposed to use the company's own funds and self-raised funds to repurchase a portion of the issued A-shares through centralized bidding transactions. The total amount of funds for the repurchase shall not be less than RMB 10 million (inclusive) and shall not exceed RMB 20 million (inclusive). The repurchase period is within 12 months from the date the company's board of directors approves the repurchase plan

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