Tonhe Technology announced that the company plans to use 35 million to 70 million yuan to buy back A-shares, with a repurchase price not exceeding 45 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The company has obtained a loan commitment letter from the Shijiazhuang branch of Industrial Bank for up to 63 million yuan to support this buyback. The repurchase will be conducted through centralized bidding, with funding sources including own or self-raised funds as well as special stock buyback loan funds.
Shijiazhuang Tonhe Electronics Technologies Co LtdCompany announces share buyback plan of 35-70 million yuan, supported by bank loan, for equity incentives.