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Continuous repurchase will ultimately be favourable information for major shareholders, as the K-line indeed affects retail investors getting on board. Retail investors receive various information every day, but most of them will move on if they see the K-line is not good.
If a good line can be maintained, the entry (conversion rate) will rise at a glance, the popularity will also increase, liquidity will deepen, and the floating profit of major shareholders can finally be secured.