🟢 CXMT is trading 11% up today after proposed RMB 50 billion buyback ceiling hike

CXMT is trading at CNY 43.09 (+11.06%), with the gain likely supported by Chairman Zhu Yiming’s proposal to raise the share-repurchase ceiling from RMB 2 billion to RMB 50 billion.

• A November 4 report described the move as a proposal, not an approved buyback.
• DRAM-sector strength and AI-memory demand provide additional supportive context.