Lingyi Intelligent Manufacturing announced that the company plans to increase the total amount of share repurchase capital from “not less than RMB 200 million, not more than RMB 400 million” to “not less than RMB 400 million, not more than RMB 800 million.” The maximum repurchase price is still 21.08 yuan/share. The purpose of repurchasing shares is to implement an equity incentive plan or employee stock ownership plan at an appropriate time in the future.

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