The actual controller of ORIENT-CHIP TECHNOLOGY proposed to repurchase company shares for 20 million to 40 million yuan
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The actual controller of ORIENT-CHIP TECHNOLOGY, Luo Liquan, proposed that the company repurchase shares, with an amount between 20 million and 40 million yuan. The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange, with funding sourced from self-owned funds and special loans. The repurchased shares will be used for employee stock ownership plans or equity incentives, and are planned to be transferred within 3 years after the repurchase is completed
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