Zhongxin Shares announced that the company plans to use its own funds and self-raised funds to repurchase part of the public shares through centralized bidding. The repurchase amount will be no less than 30 million yuan and no more than 50 million yuan, with a repurchase price not exceeding 75.46 yuan per share. The repurchase period will be no more than 12 months from the date of approval by the board of directors. The repurchased shares will be used for employee stock ownership plans or equity incentives. Based on the upper limit of the repurchase price, the lower limit of the repurchase amount of 30 million yuan corresponds to an estimated repurchase of 397,600 shares, accounting for 0.27% of the company's total share capital. The upper limit of 50 million yuan corresponds to an estimated repurchase of 662,600 shares, accounting for approximately 0.46% of the total share capital. The company stated that this move is based on confidence in future development prospects, aiming to enhance investor confidence and improve long-term incentive mechanisms.
ZX PACKING ORD A (SHH) EQSW Exp:Company announces share buyback plan of 30-50 million yuan for equity incentives, signaling confidence.