Hygon Information: Plans to Repurchase Company Shares for 500 Million to 800 Million Yuan

36Kr learned that Hygon Information announced that, after deliberation, the board of directors approved the company's plan to repurchase some of its issued RMB-denominated ordinary shares (A-shares) through the Shanghai Stock Exchange trading system via centralized bidding, using its own funds and/or self-raised funds. The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future. The repurchase price will not exceed 318.52 yuan per share (inclusive), and the total repurchase amount will be no less than 500 million yuan (inclusive) and no more than 800 million yuan (inclusive). The company's management has also been authorized to handle all matters related to this share repurchase. According to the relevant provisions of the company's Articles of Association, the share repurchase plan does not need to be submitted to the shareholders' meeting for review.