[Dongcai Technology: Chairman proposes to repurchase shares worth 50 million to 100 million yuan] On November 12, Dongcai Technology (601208.SH) announced that the company's chairman Tang Anbin proposed that the company repurchase some A-shares through centralized bidding transactions. The total repurchase funds should not be less than 50 million yuan and not exceed 100 million yuan. The repurchase price should not be higher than 150% of the average stock trading price in the 30 trading days before the board of directors approved it. The repurchased shares will be used for employee stock ownership plans or equity incentives, reducing registered capital or maintaining company value and shareholder rights. Tang Anbin had reduced his holdings of the company's shares by 2.89 million shares in the six months before the proposal.