CATL announced plans to use its own or self-raised funds to repurchase its A-shares through centralized bidding. The total buyback 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. All repurchased shares will be cancelled to reduce the company's registered capital. The buyback period will be within 12 months from the date of approval by the shareholders' meeting.
Contemporary Amperex Technology Co Ltd Class ACATL announces a large A-share buyback (20-40 billion yuan) with cancellation, boosting shareholder value.