CXMT Chairman Zhu Yiming Proposes Raising Share Buyback to Up to RMB 5B

A chairman-initiated proposal to more than double the buyback ceiling signals confidence from inside a domestic memory maker at a time when capital allocation discipline is under scrutiny across the sector. The key detail is that this is only a proposal submitted to the company, not an approved program, so the gap between intent and execution is where the real information sits. Whether the board formalizes the upper end of the range, and how the buyback is funded, is the open question worth watching.