Feirongda announced that it plans to use its own funds to repurchase the company's shares through centralized bidding. The total repurchase capital is not less than 50 million yuan and no more than 100 million yuan, and the repurchase price is not more than 50 yuan/share. The repurchase period is within 12 months from the date the board of directors deliberates and approves the repurchase plan. The repurchase of shares is intended to be used for equity incentives or employee stock ownership plans.

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