Huagong Tech (000988.SZ) plans to repurchase company shares worth 300 million to 400 million yuan.

Huagong Tech (000988.SZ) announces that the company plans to use its own funds and a special loan for stock repurchase to repurchase a portion of the RMB ordinary shares (A shares) issued by the company through centralized competitive trading. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives at a future appropriate time. The total amount of funds intended for this repurchase is not less than RMB 300 million (inclusive) and not more than RMB 400 million (inclusive), with a repurchase share price not exceeding RMB 62.80 per share (inclusive).