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Shenma shares: plans to repurchase shares with a total amount of funds not less than 150 million yuan.
Jinshi Data 11th November News, Shenma Shares announced that the company is currently planning to repurchase A-shares of the company, with a total repurchase amount not less than RMB 150 million and not exceeding RMB 300 million. The repurchase price of the shares shall not exceed 150% of the average stock trading price of the 30 trading days before the approval of the repurchase of shares by the board of directors. The purpose of repurchasing shares is to maintain the company's value and shareholder rights. The repurchased shares will be sold through centralized bidding trading method after the announcement of the repurchase results and share changes for 12 months, and will be completed within three years after the announcement of the repurchase results and share changes.