According to Zhitong Finance App, Shanghai Electric Power Co., Ltd. (002463.SZ) announced that the company plans to repurchase the company's A shares for 500 million yuan to 1 billion yuan. The repurchase price will not exceed 156.70 yuan/share. 50% of the total number of shares to be repurchased will be used to implement employee stock ownership plans or equity incentives, and another 50% will be used to protect the company's value and shareholders' rights.

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