According to the French press release, a proposal was recently received from Yan Hua from the controlling shareholder, actual controller, chairman and general manager. Based on confidence and recognition of the company's future development, it is proposed that the company use its own and/or self-raised funds to repurchase shares through centralized bidding to protect the company's value and shareholders' rights. The repurchase capital is not less than 30 million yuan and no more than 60 million yuan. The upper price limit is not higher than 150% of the average price for 30 trading days before the board of directors review. The period is 3 months from when the board of directors passes the plan. The proposal is subject to approval and is subject to uncertainty.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.