Lao Feng Xiang Plans B-Share Buyback of 4-8 Million Shares at Up to $3.707

A cancellation-style buyback is the more shareholder-friendly variety, since retired shares lift per-share metrics rather than sitting in treasury, and the 0.76%-1.53% range is modest but real. For a jewelry name with B-share exposure, the move signals management sees value in its own paper, though the cap price and total outlay frame the commitment. The shareholder vote is the gate, and whether the plan clears at the proposed scale is the open question worth tracking.