Haite High-Tech announced plans to repurchase shares through centralized competitive bidding using its own funds or self-raised funds. The buyback amount will be no less than 50 million yuan and no more than 100 million yuan, with a repurchase price not exceeding 12.5 yuan per share. The buyback period is within three months from the date of board approval, and the repurchased shares will be used to maintain company value and shareholder equity. Based on the upper limit, the company expects to repurchase 8 million shares, accounting for 1.08% of total share capital. Based on the lower limit, it expects to repurchase 4 million shares, accounting for 0.54% of total share capital, and the total number of shares repurchased will not exceed 10% of total share capital. The company stated that this buyback is based on confidence in its future development prospects and recognition of its corporate value, aiming to safeguard the interests of all shareholders, enhance investor confidence, and promote long-term stable development. The plan does not require submission to the shareholders' meeting for approval.
Sichuan Haite High-tech Co LtdCompany announces share buyback of 50-100 million yuan to boost shareholder value and confidence.