Lianyun Technology Proposes Share Buyback Amounting to 25 Million to 50 Million Yuan

Lianyun Technology announced that Fang Xiaoling proposed the company use its own or raised funds to repurchase part of its ordinary shares (A-shares) through the centralized bidding trading system of the Shanghai Stock Exchange. The total amount for the buyback will not be less than 25 million yuan (inclusive) and not exceed 50 million yuan (inclusive). The repurchased shares are intended for employee equity incentives or employee stock ownership plans, with the buyback period set to be within 12 months from the date the company's board of directors approves the buyback plan.

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