Skyverse Chairman Chen Lu Proposes RMB 100-150 Million Share Buyback

TREE NEWS update: Skyverse (中科飞测) chairman and general manager Chen Lu, also the company’s actual controller, proposed a share buyback via centralized bidding with total funds of no less than RMB 100 million and no more than RMB 150 million. The price cap is 150% of the 30-trading-day average before the board approves the plan, and the repurchased shares will fund equity incentives or an employee share ownership plan within 12 months of board approval.