According to CoinMeta, Suobao Protein announced that on November 12, 2026, the company received a proposal for share repurchase submitted by its chairman and actual controller, Liu Jishan. The plan is to use own or raised funds to repurchase a portion of A-shares through centralized bidding, which will be used for employee equity incentives/employee stock ownership plans. The total amount of funds for repurchase is not less than 20 million yuan and not more than 40 million yuan. The repurchase price shall not exceed 150% of the average trading price of the company's shares in the 30 trading days prior to the board of directors' approval of the repurchase plan, and the implementation period is within 6 months from the date the board approves the repurchase plan.