Chairman Zhang Zhongliang of Ningbo Sunrise Elc Technology (002937.SZ) proposed to repurchase shares with an amount ranging from 60 million to 120 million yuan.

Ningbo Sunrise Elc Technology (002937.SZ) announced that the Chairman, Zhang Zhongliang, proposed that the company repurchase some of its own shares through centralized competitive trading, for use in equity incentives or employee stock ownership plans. The total amount of funds for repurchasing shares shall not be less than 60 million yuan, and not exceed 120 million yuan. The repurchase price ceiling shall not exceed 150% of the average trading price of the company's stock in the 30 trading days prior to the resolution of the board of directors to repurchase shares.