Fumiao Technology (688350.SH) plans to repurchase company shares worth 20 million to 40 million yuan.

Intellifinance App News, Fu Miao Technology (688350.SH) announced that the company plans to repurchase some of its shares through centralized competitive trading using its own funds and/or self-raised funds. The total amount of funds for the repurchase shall not be less than 20 million yuan (inclusive), and not more than 40 million yuan (inclusive). The repurchase price of the shares shall not exceed 48.24 yuan per share (inclusive). The repurchased shares will be used for maintaining the company's value and shareholder rights, employee stock ownership plan, or equity incentive. Among them, the amount for the employee stock ownership plan or equity incentive repurchase shall not be less than 10 million yuan (inclusive), and not exceed 20 million yuan (inclusive); the amount for maintaining the company's value and shareholder rights repurchase shall not be less than 10 million yuan (inclusive), and not exceed 20 million yuan (inclusive).