Shanghai Can Electric (300827.SZ) plans to repurchase company shares totaling between 50 million to 80 million yuan.

Zhtng Cijng APP News, Shngnng Electric (300827.SZ) announced that the company intends to repurchase a portion of its A-shares through centralized competitive trading with its own funds or self-raised funds, for the purpose of implementing a stock incentive plan in the future. The total amount of repurchase funds shall not be less than 50 million yuan and shall not exceed 80 million yuan, and the repurchase price shall not exceed 50 yuan per share (inclusive).