Xingyun Technology Chairman Proposes RMB 200-300 Million Share Buyback

A chairman-led buyback proposal in this size range signals management's own view that the stock is undervalued, and the 150% price cap is unusually generous, suggesting confidence rather than a token gesture. The dual purpose — value protection or equity incentives — leaves room for either a short-term support signal or a longer-term alignment tool with staff, which matters for how the market reads follow-through. Whether the board formally approves the plan, and whether the repurchase is actually executed under centralized bidding, is the open question.