[Baiwei Storage: The controlling shareholder proposed to repurchase 200 million to 250 million yuan of A shares for cancellation and reduction of registered capital] On October 15, Baiwei Storage (688525.SH) announced that Sun Chengsi, the company’s controlling shareholder, actual controller, and chairman, proposed that the company use its own funds or self-raised funds through a centralized bidding transaction. The total repurchase funds will be 200 million to 250 million yuan. All the repurchased shares will be used to cancel and reduce the registered capital. The upper limit of the repurchase price shall not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors considers and approves the repurchase plan resolution. The repurchase period is within 12 months from the date of review and approval by the shareholders' meeting.