Changjiang Securities announced that the company plans to use its own funds to repurchase A-shares through centralized bidding, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan. The repurchase price will not exceed 14.01 yuan per share, and the implementation period is within 12 months from the date of approval by the board of directors. The repurchased shares will be used for employee stock ownership plans or equity incentives. Based on the repurchase price cap, the estimated number of shares to be repurchased ranges from 7.14 million to 14.28 million, accounting for 0.13 percent to 0.26 percent of the company's current total share capital. The company stated that this buyback is based on confidence in future development prospects and aims to protect investor interests and improve long-term incentive mechanisms.
Changjiang Securities Co LtdCompany announces share buyback plan of 100-200 million yuan, signaling confidence and supporting stock price.
