CXMT has announced a share repurchase plan valued between 1 billion and 2 billion yuan, following a proposal from Chairman Zhu Yiming received on October 16, 2026. The buyback will be conducted through centralized bidding at a price not exceeding 150% of the stock's 30-day average trading price prior to board approval. Repurchased shares are designated for employee equity incentives, employee stock ownership plans, or registered capital reduction. The final repurchase scheme remains subject to approval by the company's board of directors or shareholders' meeting before implementation.