Hubei Century Network Technology Inc. (300494.SZ) plans to spend 35-50 million yuan to implement a buyback.

Hubei Century Network Technology Inc. (300494.SZ) announced that the company plans to use its own funds or self-raised funds to repurchase a portion of its publicly held shares through centralized bidding trading, for the implementation of the company's equity incentive plan or employee shareholding plan. The funds for this repurchase of shares shall not be less than 35 million yuan and not exceed 50 million yuan (both included), and the repurchase price shall not exceed 20 yuan per share (including). The implementation period for this repurchase of shares is within 12 months from the date of approval by the company's board of directors of this repurchase plan.