Hongxin Electronics (300657.SZ) plans to repurchase company shares for RMB 300 million to RMB 600 million.

Zhitong Finance APP news, Hongxin Electronics (300657.SZ) issued an announcement that the company plans to use its own funds or self-raised funds to repurchase part of its issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, and will use them in due course for subsequent equity incentives or employee stock ownership plans. The funds for this share repurchase shall be no less than RMB 300 million (inclusive) and no more than RMB 600 million (inclusive), and the repurchase price per share shall not exceed RMB 51.00 (inclusive).