Zhitong Finance App News, Songfa Co., Ltd. (603268.SH) announced that the company plans to use its own funds or self-raised funds to repurchase shares through centralized bidding transactions. The repurchased shares will be used for employee stock ownership plans or equity incentives. The share repurchase amount is not less than 500 million yuan (inclusive) and no more than 1 billion yuan (inclusive). The share repurchase price is not more than 260 yuan/share (inclusive).

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