Xinte Electric plans to spend 25 million to 48 million yuan on share buyback

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Xinte Electric has disclosed a share buyback plan, proposing to repurchase company shares through centralized bidding. The total buyback amount will range from 25 million yuan to 48 million yuan, with a maximum repurchase price of 23 yuan per share. The shares bought back will be used for equity incentives or employee stock ownership plans. The buyback period is within 12 months from the date the board of directors approves the buyback plan.

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