According to Zhitong Finance App, Taotao Auto Industry (301345.SZ) issued an announcement. Cao Matao, the company's actual controller, chairman and general manager, proposed that the company use its own funds or self-financing to buy back some RMB common stock (A shares) shares already issued by the company through centralized bidding transactions through the Shenzhen Stock Exchange trading system, and use opportunities for equity incentives or employee stock ownership plans. The total capital for repurchasing shares is not less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive).

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