Hygon Information’s board approved the buyback of some of its issued A-shares through centralized bidding on the Shanghai Stock Exchange. The company will use company funds and/or self-raised funds, with total spending of no less than RMB500 million and no more than RMB800 million. The maximum purchase price is RMB318.52 per share. The repurchased shares will be held for use at an appropriate future time in an employee ownership plan or equity incentive program. The board also authorized management to handle matters related to the buyback, which does not require approval by shareholders under the company’s articles of association.