Zhitong Finance App News, Pengding Holdings (002938.SZ) issued an announcement. The company's chairman, Mr. Shen Qingfang, proposed that the company repurchase some of the company's shares through centralized bidding transactions for share incentives or employee stock ownership plans, etc., to further improve the company's governance structure, establish a long-term incentive and restraint mechanism, ensure the achievement of the company's long-term business goals, and enhance the company's overall value. The total capital for repurchasing shares is not less than RMB 300 million and not more than RMB 500 million.

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.