Guangyuyuan(600771.SH): Plans to spend 30 million to 50 million yuan to repurchase company shares

Gelonghui, March 26 | Guangyuyuan (600771.SH) announced that, based on confidence in the company’s future development prospects and recognition of the company’s value, to more effectively align shareholder interests with those of the company and its employees, enhance investor confidence, and further improve the company’s long-term incentive mechanism, promoting the company’s long-term sustainable development, the company intends to use its own funds to repurchase company shares through centralized bidding trading. This is intended for future implementation of the company’s employee stock ownership plan or equity incentive plan at an appropriate time. The company will utilize the repurchased shares within 36 months after the disclosure of the completion of the share repurchase. Any unused repurchased shares will be canceled.

Repurchase amount: no less than RMB 30 million (inclusive), and no more than RMB 50 million (inclusive), with the specific repurchase amount based on the total funds used for repurchased shares at the end of the repurchase period. Repurchase price: the maximum price for the company’s repurchased shares will not exceed RMB 26.09 per share (inclusive). (This is no more than 150% of the average trading price of the company’s shares over the 30 trading days prior to the board’s approval of the share repurchase resolution).