Haotong Technology announced that the company plans to use its own funds to repurchase some public shares through centralized bidding, in order to maintain company value and shareholder equity. The total repurchase amount will be no less than 40 million yuan and no more than 80 million yuan, with a repurchase price not exceeding 25 yuan per share. Based on the lower limit of the repurchase amount, it is estimated that 1.6 million shares will be repurchased, accounting for 0.72% of the total share capital. Based on the upper limit, it is estimated that 3.2 million shares will be repurchased, accounting for 1.44% of the total share capital. The repurchase period shall not exceed three months from the date of approval by the board of directors.
Hootech Inc.Company plans to buy back shares with 40-80 million yuan of own funds to support value.