According to CoinMeta, Huafeng Measurement and Control announced its intention to repurchase company shares for no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive), at a price not exceeding RMB 25 per share (inclusive). This price is not higher than 150% of the average trading price of the company's shares over the 30 trading days prior to the board of directors' resolution to repurchase shares. The repurchased shares are intended to be used entirely for the company's employee stock ownership plan or equity incentive program at an appropriate future time. If the company fails to use all the repurchased shares within three years after the announcement of the repurchase results and share changes, the unused shares will be cancelled. The repurchase will be conducted through centralized competitive bidding, and the repurchase period is within 12 months from the date when the board of directors approves this repurchase plan. The funds for the repurchase will come from the company's own resources.