Zhenai Meijia announced that it plans to use its own funds or self-raised funds to repurchase the company's shares through centralized bidding. The total repurchase capital shall not be less than 50 million yuan and not more than 100 million yuan, and the repurchase price shall not exceed 40 yuan/share. The repurchase of shares is used to protect the company's value and shareholders' rights. Sale may begin 12 months after disclosure of the repurchase results and share change announcements, and be completed within 3 years after the announcement; those parts that fail to be sold on schedule will be cancelled in accordance with the relevant procedures. The repurchase period shall not exceed three months from the date of review and approval by the board of directors.

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.