According to CoinMeta, Jinfa Technology announced that the company intends to repurchase shares through centralized competitive bidding. The amount of share repurchase will not be less than 300 million yuan and will not exceed 500 million yuan. The repurchase price will not exceed 19.57 yuan per share. It is estimated that the number of shares to be repurchased will range from 15.3296 million to 25.5493 million shares, accounting for 0.57% to 0.96% of the company's total share capital. All the repurchased shares will be used to cancel and reduce the registered capital. The repurchase period is within 12 months from the date when the resolution is approved by the shareholders' meeting. The funds for the repurchase will come from the company's own funds and self-raised funds. The company has also received a commitment from ICBC Guangzhou Branch for a special loan of up to 450 million yuan for the repurchase.