Zhitong Finance App News, Sifang Shares (601126.SH) issued an announcement. The company plans to use its own funds to repurchase the company's shares through centralized bidding transactions, which will be used to implement employee stock ownership plans or equity incentive plans in the future. The share repurchase amount is not less than RMB 100 million (inclusive) and not more than RMB 150 million (inclusive). The share repurchase price does not exceed RMB 50 per share. The share repurchase period shall not exceed 12 months from the date the board of directors of the company reviewed and approved the share repurchase plan.

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.