Peng Xin Resources (600490.SH) plans to repurchase company shares worth 26 million to 50 million yuan.

China Fortune Financial App News, Pengxin Resources (600490.SH) announced that the company plans to use its own funds to repurchase company shares through centralized bidding trading. The repurchased company shares are intended to be used for the implementation of an employee stock ownership plan or equity incentive plan. The amount of the share repurchase shall not be less than 26 million yuan (inclusive) and shall not exceed 50 million yuan (inclusive). The repurchase price of the shares shall not exceed 9 yuan per share (inclusive).