On March 8, Qi An Xin Technology Group Inc(688561) announced that the board of directors of the company reviewed and approved the proposal on repurchase of shares of the company by means of centralized bidding transaction. The announcement shows that within six months from the date when the board of directors of the company considered and approved the repurchase plan, the repurchase will be completed with its own funds ranging from 150 million yuan to 300 million yuan.
Qi An Xin Technology Group Inc(688561) said that the repurchase showed that the board of directors agreed that the development potential and share price of the company were seriously underestimated, and fully expressed the long-term confidence in the strategic direction and business prospects of the company. At the same time, the repurchased shares will be used for the company’s employee stock ownership plan or equity incentive, which will help to improve the team cohesion, R & D ability and the company’s core competitiveness, improve the company’s business performance in the future, effectively combine the interests of shareholders, the company and employees, and promote the long-term, healthy and sustainable development of the company.
Statistics show that Qi An Xin Technology Group Inc(688561) as the first third-party network security service provider in the history of the Olympic Games, successfully completed the network security work of the 2022 Beijing Winter Olympics with “zero accident”, and is actively cooperating with the network security work during the winter Paralympic Games. On the whole, the company’s “platform” strategy was completed ahead of schedule, and its revenue entered a period of rapid growth. With major breakthroughs in international business, there is a huge market increment space in the future.
