According to a HOSHINE Silicon announcement on June 3, the company has accumulated a repurchase of around 7.85 million shares, accounting for 0.66% of the total share capital, with a total amount of around RMB 391 million, as of May 31, 2024. This is the latest progress since the company announced a share buyback plan of up to RMB 10 billion in early April.

Previous reports have shown that HOSHINE Silicon's net profit declined by 49.05% in 2023, marking the second consecutive year of decline. The drop in prices of its main industrial silicon and organic silicon products has led to a decrease in gross profit margins. HOSHINE Silicon's Chairman Luo Liguo has revealed multiple measures for 2024, including implementing a share buyback, as well as plans to increase employee compensation and optimize the company's governance structure.Whether HOSHINE Silicon can successfully navigate this difficult period remains to be seen.