Lianxun Instruments: Controlling Shareholder Proposes Share Repurchase of 100 Million to 150 Million Yuan

36Kr reports that Lianxun Instruments announced its controlling shareholder, actual controller, and chairman Hu Haiyang proposed that the company repurchase a portion of its A-share shares using self-raised funds via centralized bidding transactions. The total amount for the share repurchase will not be less than 100 million yuan and not more than 150 million yuan. The repurchased shares will be used for an employee stock ownership plan or equity incentives. The repurchase price will not exceed 150% of the average trading price of the company's stock over the 30 trading days prior to the board resolution, with a term of 12 months from the date of the board resolution.