Lanjian Intelligence plans to spend 20 million to 40 million yuan to repurchase shares for employee stock ownership or equity incentives.

MaticHoleFiller · 2026-03-28T07:32:54+00:00

Lanjian Intelligence announces that Chairman Wu Yaohua has proposed to repurchase some A-shares, with an amount ranging from 20 million to 40 million yuan, aiming to boost shareholder confidence and attract talent. The repurchase will be conducted through centralized bidding and may be used for employee stock ownership plans. The company will proceed with the relevant approval procedures as soon as possible.

MaticHoleFiller

2026-03-28 07:32:54

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On March 21, 2026, Lan Jian Intelligent Technology Co., Ltd. (hereinafter referred to as “Lan Jian Intelligent”) announced that its board of directors received a share repurchase proposal submitted by its controlling shareholder, actual controller, and Chairman Mr. Wu Yaohua on March 20. The company plans to repurchase some of its A-shares by using its own funds or self-raised funds through centralized competitive bidding. The total repurchase capital amount will range from RMB 20 million to RMB 40 million. The repurchased shares are planned to be used for an employee stock ownership plan or equity incentives.

Share Repurchase Proposed by the Controlling Shareholder, Demonstrating Confidence in Development

According to the announcement, as the company’s controlling shareholder, actual controller, and Chairman, Mr. Wu Yaohua submitted to the company’s board of directors, on March 20, 2026, the “Letter on Proposing Lan Jian Intelligent Technology Co., Ltd. to Repurchase the Company’s Shares.” The proposal is made based on confidence in the company’s future development and recognition of its value. It aims to safeguard the interests of shareholders and enhance investors’ confidence, and at the same time, by establishing a long-term incentive mechanism, to attract and retain outstanding talent and promote the company’s healthy and sustainable development.

Specific Details of the Repurchase Plan

According to the contents of the proposal, the key elements of this repurchase plan are as follows:

Repurchase method: Repurchase through the trading system of the Shanghai Stock Exchange via centralized competitive bidding.
Repurchase price: Not more than 150% of the company’s average stock trading price over the 30 trading days prior to the board of directors’ resolution on the share repurchase. The specific price will be subject to the plan approved by the board of directors for consideration.
Total funds: The total repurchase capital amount shall not be less than RMB 20 million (inclusive) and shall not exceed RMB 40 million (inclusive).
Source of funds: The company’s own funds or self-raised funds (including funds from special-purpose share repurchase loans).
Repurchase period: Within 6 months from the date on which the board of directors approves this repurchase plan.
Purpose of shares: The repurchased shares will, at an appropriate future time, be used for an employee stock ownership plan or equity incentives. Any repurchased shares not used will be cancelled. If relevant national policies are adjusted, the repurchase plan will be implemented according to the adjusted policies.

Commitment by the Proposer and Follow-up Arrangements

The announcement discloses that within the six months prior to the proposal, Mr. Wu Yaohua had not engaged in buying or selling the company’s shares, and during this repurchase period, there is no plan to increase or decrease holdings of the company’s shares. At the same time, he commits to actively promote the company to convene a board meeting to review the repurchase matter as soon as possible, and to vote in favor of the repurchase proposal at the board meeting.

For follow-up arrangements, Lan Jian Intelligent stated that the company will research and formulate a reasonable and feasible repurchase plan as soon as possible, complete relevant approval procedures, and promptly disclose it. The announcement specifically reminds investors that the repurchase matter must be implemented only after performing approval procedures in accordance with regulations, and there is still uncertainty. Investors are kindly requested to pay attention to investment risks.

(Source: Announcement of Lan Jian Intelligent Technology Co., Ltd.)

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