Planet Graphite announced that it plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The total repurchase capital shall not be less than RMB 30 million, not more than RMB 60 million, and the repurchase price shall not exceed RMB 33.51 per share. Share buybacks are intended to be used for employee stock ownership plans or equity incentives; if use is not completed within 3 years after the share repurchase implementation results and share change announcements, unused shares will be cancelled.

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.