According to CoinMeta, Shanghai Electric Shares announced that on November 6, 2026, the company's board of directors received a letter from Ms. Chen Meifang, the chairman, titled "Proposal on the Repurchase of Company Shares by Shanghai Shi Electronics Co., Ltd." Ms. Chen Meifang proposed that the company repurchase a portion of its issued Renminbi ordinary shares (A-shares) through the trading system of the Shenzhen Stock Exchange using a centralized bidding method. The total amount of funds for this repurchase shall not be less than 500 million RMB (inclusive) and shall not exceed 1 billion RMB (inclusive). The price range for repurchasing shares will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board of directors' approval of the share repurchase resolution. The repurchased shares will be used for an employee stock ownership plan or equity incentives, to reduce the registered capital, or to maintain the company's value and shareholders' rights and interests, subject to the repurchase plan approved by the board of directors or the shareholders' meeting.