Xinhua Department Store announced that the company plans to use its own funds or self-raised funds to buy back shares through centralized bidding. The buyback amount will be no less than 200 million yuan and no more than 400 million yuan, with a buyback price not exceeding 12.78 yuan per share. All shares bought back this time will be used for employee equity incentives or employee stock ownership plans. If they are not fully used within 36 months after the buyback is completed, the unused portion will be cancelled according to law. The buyback period is within 12 months from the date the board of directors approves the plan.
Yinchuan Xinhua Commercial Group Co LtdCompany announces share buyback plan of 200-400 million yuan for employee incentives.
