According to CoinMeta, Guanggang Gas announced that Chairman Deng Tao proposed for the company to use its own funds or raise funds to repurchase its A-shares through centralized bidding transactions. The total amount of funds for repurchase shall not be less than RMB 200 million (inclusive) and shall not exceed RMB 400 million (inclusive). 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. The repurchased shares are intended to be used for equity incentives, employee stock ownership plans, etc., in the future. If the repurchased shares are not fully utilized within three years from the announcement date of the share repurchase implementation results and share changes, the unused shares will be cancelled. The repurchase period is 12 months from the date when the board of directors approves the plan. This proposal still needs to go through relevant approval procedures, and the final plan will be subject to the one approved by the company.