Shuangyi Technology announced that the company plans to repurchase part of its A-shares through centralized bidding to be used for employee stock ownership plans or equity incentives. The total buyback amount will be no less than 30 million yuan and no more than 50 million yuan, with a repurchase price not exceeding 28 yuan per share. Based on the upper price limit, the estimated number of shares to be repurchased is approximately 1.0714 million to 1.7857 million shares, accounting for 0.65% to 1.08% of the company's total share capital. The buyback period will not exceed six months from the date of approval by the board of directors.
Shandong Shuangyi Technology Co LtdCompany announces share buyback for employee incentives, signaling confidence and supporting stock price.