Wens Foodstuff Group (300498.SZ) plans to spend 800 million to 1.2 billion yuan to implement the repurchase of A shares.

Wen's Food Group (300498.SZ) announcement, the company plans to use its own funds or special loan funds of no more than 1.2 billion yuan and no less than 800 million yuan (both inclusive) to repurchase the company's common stock (A shares) through centralized bidding trading method, for the implementation of employee stock ownership plan or equity incentive. The repurchase price shall not exceed 24.00 yuan per share (inclusive). The repurchase period shall not exceed 12 months from the date when the board of directors approves the proposal to repurchase shares.