Shuangyuan Technology announced that the company plans to repurchase shares through centralized bidding. The repurchase amount will be no less than 50 million yuan and no more than 80 million yuan, with funds coming from excess raised capital. The repurchase price will not exceed 111.96 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase period is within 12 months from the date of approval by the board of directors.
Zhejiang Shuangyuan Technology Co. Ltd. ACompany announces share repurchase plan using excess raised funds, which is a capital allocation event typically viewed positively.