Yanjin Puzi: It plans to buy back shares worth 2.84 billion to 3.28 billion yuan for equity incentives.
Yanjinpuzi announced that the company plans to repurchase some of its A shares through centralized bidding at a price not exceeding 109.32 yuan per share. The quantity to be repurchased will be no less than 2.6 million shares and no more than 3 million shares, accounting for 0.95% - 1.10% of the total share capital. The estimated amount is 284 million - 328 million yuan, with funds coming from the company's own funds or self-raised funds. The repurchase period will not exceed 6 months and will be used for equity incentive plans.
As of the announcement disclosure date, the company's directors, senior executives, and controlling shareholders have no plans to reduce their holdings during the repurchase period. The repurchase has been approved by the board of directors and does not require approval at a shareholder meeting. The company has already opened a dedicated account for the repurchase. Additionally, this repurchase carries risks related to price, significant events, and the implementation of incentive plans.
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