Hangdian Shares: Chairman Proposes Share Buyback of 50 Million to 100 Million Yuan

36Kr learned that Hangdian Shares announced that its chairman, Hua Jianfei, proposed using the company's own or raised funds to repurchase a portion of its issued RMB ordinary shares (A-shares) via centralized bidding on the Shanghai Stock Exchange trading system. The repurchased shares are intended for employee equity incentives/employee shareholding plans or to reduce the company's registered capital. The total amount for the buyback will not be less than 50 million yuan (inclusive) and will not exceed 100 million yuan (inclusive). The repurchase price will not exceed 150% of the average trading price of the company's stock over the 30 trading days preceding the board resolution on the share repurchase, subject to the specific plan approved by the board.