According to Foresight News, executives at Canan Technology have announced their intention to buy back shares in the company. Chairman and CEO Nangeng Zhang, along with CFO James Jin Cheng, have informed the company of their plans to use personal funds to jointly purchase no less than $2 million of the company's Class A common shares. These shares are represented by American Depositary Shares (ADSs), with each ADS representing 15 of the company's Class A common shares. This move is subject to the company's internal trading policies and must comply with legal guidelines.
