According to Zhitong Finance App, Sanhuan Group (300408.SZ) announced the second phase of the company's share repurchase plan. The company plans to use its own funds or self-raised funds to repurchase some of the company's A shares through centralized bidding. The total repurchase capital is not less than RMB 500 million and no more than RMB 1 billion, and the repurchase price of the shares shall not exceed RMB 135 per share (inclusive). Shares are repurchased for equity incentive plans or employee stock ownership plans, and to protect company value and shareholders' rights.

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