A number of shareholders of listed companies have proposed buybacks.

On the evening of August 20, Yifan Pharmaceutical (002019) announced that it had received the "Letter on Proposing Yifan Pharmaceutical Co., Ltd. to Buy Back the Company's Shares" submitted by Cheng Xianfeng, the company's controlling shareholder, actual controller, chairman and president.

Based on the confidence in the future development of Yifan Pharmaceutical and the recognition of the company's long-term value, in order to enhance investors' confidence in the company and safeguard the interests of the majority of investors, combined with the company's operating conditions, business development prospects, the company's financial status and future Profitability, Cheng Xianfeng proposed that the company use its own funds to repurchase some of the company's issued RMB ordinary shares (A shares) through centralized bidding transactions, and at an appropriate time in the future, the repurchased shares will be used for employee stock ownership plans or equity incentives to further improve the corporate governance structure, build the company's long-term incentive and restraint mechanism, fully mobilize the enthusiasm of the company's employees, and effectively integrate the interests of shareholders and the company. It is closely integrated with the personal interests of employees to ensure the realization of the company's long-term business goals and promote the company's stable, healthy and sustainable development. If the Company fails to transfer the repurchased shares within 3 years after the date of the implementation result of the share repurchase and the announcement of the share change, it will perform the procedure of reducing the registered capital and cancel the untransferred shares in accordance with the law.

the price of shares proposed by Cheng Xianfeng this time shall not exceed 20.57 yuan/share (inclusive); The total amount of funds for the repurchase of shares shall not be less than 30 million yuan (inclusive) and not more than 50 million yuan (inclusive).

Ruilian New Materials (688550) announced on the evening of August 20 that Liu Xiaochun, the shareholder, actual controller and chairman of the board of directors of the company holding more than 5% of the shares, proposed to buy back the company's shares by means of centralized bidding; the total amount of funds for the repurchase of shares shall not be less than 50 million yuan and not more than 80 million yuan; the repurchase price shall not exceed 51 yuan/share. At the same time, the repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future.

Kelda (688255) announced on the evening of August 20 that Hou Runshi, chairman of the company, proposed to buy back part of the company's shares through centralized bidding and use it for equity incentive or employee stock ownership plan at an appropriate time in the future. The total amount of funds for the repurchase of shares shall not be less than 50 million yuan and not more than 60 million yuan, and the price of the repurchased shares shall not be higher than 150 of the average trading price of the company's shares in the 30 trading days prior to the adoption of the repurchase resolution by the board of directors of the company. The repurchased shares will be used for equity incentives or employee shareholding plans at an appropriate time in the future.

Cisco (688053) announced on the evening of August 20 that Zhang Ya, the actual controller and chairman of the board, proposed that the company buy back shares through centralized bidding for employee stock ownership plan or equity incentive. The total amount of funds for the repurchase of shares shall not be less than 30 million yuan and shall not exceed 50 million yuan. The repurchase price shall not exceed 80 yuan/share. The repurchased shares will all be used for employee stock ownership plans or equity incentives.

Godson Zhongke (688047) also announced on the evening of August 20 that Hu Weiwu, chairman of the company, proposed that the company carry out share repurchase through centralized bidding. The total amount of funds for share repurchase shall not be less than 30 million yuan and not more than 50 million yuan. The repurchase price shall not exceed 128 yuan/share.

It is worth noting that the above-mentioned repurchase is in the proposal stage of major shareholders of listed companies, and listed companies have not yet issued corresponding repurchase plans. Kelda and other companies said that the company will carefully study the above content as soon as possible, formulate a reasonable and feasible share repurchase plan, perform the approval procedures in accordance with relevant regulations, and perform the information disclosure obligations in a timely manner. The specific repurchase plan shall prevail.

compared with the buyback initiative at the proposal stage, biyi micro (688045) announced on the evening of August 20 that the company intends to buy back shares at 42 million -84 million yuan for employee stock ownership plan or equity incentive. The repurchase price does not exceed $78 per share.

For investors, a more recognized buyback program is for listed companies to repurchase their shares and write them off, but most of the buyback initiatives of these companies are for equity incentives or employee stock ownership.

In addition, shareholders of listed companies plan to increase their shareholdings. Dongjian Technology (300978) announced on the evening of August 20 that based on firm confidence in the company's future development and recognition of long-term investment value, Ma Yongtao, the company's controlling shareholder, actual controller and chairman, plans to increase the company's shares within 6 months from the date of disclosure of the announcement, with the proposed increase amount of not less than 10 million yuan and not more than 20 million yuan. This increase plan does not set a price range for increasing shares.

Bangjie shares (002634) announced on the evening of August 20 that the company's chairman Chen Jiansong and his concerted action person Chen Gendi originally planned to increase the company's shares by no less than 30 million yuan and no more than 60 million yuan. Recently, Chen Jiansong and Chen Gendi plan to adjust the amount of the above-mentioned increase in holdings to not less than 35 million yuan and not more than 70 million yuan.

However, whether the buyback and increase in holdings of listed companies can impress investors is open to question. Take Dongjian Technology as an example, as of August 11, 2023, the company's shareholders Shanghai Hongcheng and other previous reduction plans expired, a total of 6.1519 million shares, accounting for 1.46 of the company's total share capital. Then, the same group of shareholders disclosed the new reduction plan, and the total number of shares to be reduced shall not exceed 31.488 million shares, accounting for 7.45 of the total number of shares of the company.

Earlier on the evening of July 10, Xia Yanhua, director and deputy general manager of the company holding 3.82 of Dongjian Technology, planned to reduce the company's shares by no more than 4 million shares through centralized bidding trading within 6 months after 15 trading days from the date of disclosure of this announcement or through block trading, agreement transfer, etc. within 6 months after 3 trading days from the date of disclosure of this announcement, it accounts for 0.95 per cent of the company's total share capital.