According to CoinMeta, Changhong Technology plans to spend 100 million to 200 million yuan on share repurchases for the conversion of convertible bonds into shares. Changhong Technology announced that it intends to repurchase some A-share shares through centralized competitive bidding, to be used for converting the company's bonds that can be converted into stocks. The total amount of funds for repurchase will not be less than 100 million yuan and will not exceed 200 million yuan, with a repurchase price of no more than 26.97 yuan per share. It is estimated that approximately 3.7078 million to 7.4156 million shares can be repurchased, which accounts for 0.70% to 1.39% of the company's total share capital. The implementation period for the repurchase will not exceed six months from the date when the board of directors approves the repurchase plan, and the funds will come from the company's own resources or self-raised funds. As of the date of the announcement, the company's directors, senior management, controlling shareholders and their concerted actors, actual controllers, and shareholders holding more than 5% of the shares do not have any plans to reduce their holdings in the next 3 to 6 months.