Zhu Yiming, Chairman of CXMT, proposed to repurchase the company's A-shares using its own or self-raised funds, with the total repurchase amount not less than 1 billion yuan and not exceeding 2 billion yuan. The repurchase price will not exceed 150% of the average stock trading price for the 30 trading days prior to the date the board of directors approved the repurchase plan. This move is seen by the market as a positive signal from management regarding the company's value.