[Shengyi Technology: Chairman proposes to repurchase shares of 200 million to 300 million yuan] On October 18, Shengyi Technology (600183.SH) announced that the company's chairman Chen Renxi proposed that the company use its own funds or self-raised funds to repurchase some A shares through centralized bidding transactions. The total repurchase funds are 200 million to 300 million yuan. The repurchased shares are planned to be used for employee stock ownership plans or equity incentives. 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, and the repurchase period is within 12 months from the date the board of directors considers and approves the plan. Chen Renxi has no plans to increase or reduce holdings during the repurchase period, and promised to promote the board of directors to review the repurchase matter.