Vanchip Technologies announced that the company plans to repurchase shares through centralized bidding, with a repurchase amount of no less than 80 million yuan and no more than 100 million yuan, at a price not exceeding 45.09 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, within 12 months from the date of approval by the board of directors.
Vanchip (Tianjin) Technology Co. Ltd. ACompany announces share buyback of 80-100 million yuan for employee incentives, signaling confidence and supporting share price.