Forehope Electronic announced that it plans to repurchase some A-shares through centralized bidding, with the buyback amount set at no less than 100 million yuan and no more than 150 million yuan, and a maximum repurchase price of 124.10 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future, with funding coming from a special loan provided by the Ningbo Yuyao Sub-branch of Bank of Communications and the company's own funds. The buyback period is within 12 months from the date of approval by the board of directors.
Forehope Electronic (Ningbo) Co. Ltd. ACompany announces share buyback of 100-150 million yuan, typically supportive for stock price.
