Aofei Data Plans to Repurchase Shares Worth 50 Million to 100 Million Yuan for Equity Incentives

36Kr reports that Aofei Data announced plans to repurchase its A-share shares via centralized bidding using its own or raised funds for equity incentives or employee stock ownership programs. The total repurchase amount will be no less than 50 million yuan and no more than 100 million yuan, with a share price not exceeding 29.88 yuan per share. Based on the upper and lower limits of the repurchase amount, the expected number of shares to be repurchased is estimated at 1.6734 million to 3.3467 million shares, representing 0.17% to 0.34% of the company's total share capital. The repurchase period will not exceed 12 months from the date the board of directors approves the repurchase plan. As of the announcement disclosure date, the company's directors, senior executives, controlling shareholders, and actual controllers have no plans to reduce their holdings in the next six months.