Yangfan New Materials announced that the company plans to use its own funds and/or self-raised funds to repurchase company shares through centralized bidding. The total repurchase amount will be no less than 30 million yuan and no more than 60 million yuan, with a repurchase price not exceeding 12 yuan per share. The repurchased shares will be used for equity incentives or employee stock ownership plans, and the repurchase period is 12 months. Based on the upper limit of the repurchase, it is estimated that approximately 5 million shares will be repurchased, accounting for 2.13% of the company's total share capital.
Zhejiang Yangfan New Materials Co LtdCompany announces share buyback for equity incentives, signaling confidence and supporting stock price.
