ZKTeco announced plans to repurchase A-shares using its own funds through centralized competitive trading, with a buyback amount of no less than 30 million yuan and no more than 60 million yuan, at a price not exceeding 36.07 yuan per share. Based on the upper limit, the company expects to repurchase 1,663,400 shares, accounting for about 0.71% of total share capital; based on the lower limit, it expects to repurchase 831,700 shares, accounting for about 0.35%. The buyback period is within 12 months after board approval, and the shares will be used for employee stock ownership plans or equity incentives. The company said the move is based on confidence in future development, aiming to protect investor interests and improve long-term incentive mechanisms.
ZKTECO Co. Ltd. ACompany announces share buyback plan for employee incentives, signaling confidence and supporting stock price.
