[China Microelectronics Corporation: Chairman proposes to repurchase shares worth 400 million to 500 million yuan] On October 29, China Microelectronics Corporation (688012.SH) announced that the company’s chairman Yin Zhiyao proposed that the company use its own funds to repurchase some A shares through centralized bidding transactions. , the total repurchase funds shall not be less than 400 million yuan and shall not exceed 500 million yuan. The repurchased shares are intended to be used for employee equity incentives, employee stock ownership plans or to reduce registered capital. 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.