CATL announced that the company plans to use its own or self-raised funds to repurchase A-shares through centralized bidding. The total repurchase amount will be no less than 20 billion yuan and no more than 40 billion yuan, with a maximum repurchase price of 573 yuan per share. The repurchased shares will be cancelled to reduce the company's registered capital. The repurchase period is within 12 months from the date of approval by the shareholders' meeting.
Contemporary Amperex Technology Co Ltd Class ACATL plans to repurchase and cancel 20-40 billion yuan of shares, boosting EPS and signaling confidence.