Hygon Information said in an announcement that chairman Li Jun proposed repurchasing company shares with its own funds through centralized bidding, with a total of no less than 500 million and no more than 800 million yuan, according to a 36Kr Express report. The repurchased shares would be used for an employee stock ownership plan or equity incentives, the announcement said. The report added that Li Jun did not trade company shares in the six months before the proposal and has no plans to increase or decrease his holdings during the buyback period.