Summary by Moomoo AI
Walt Glass Group Co., Ltd. (“Walt Glass”) issued a notice on 7 May 2024 announcing the progress of its share repurchase plan. The plan was initially disclosed on 24 February 2024 and is planned to be implemented within 6 months of approval by the Board of Directors. The total repurchase capital is expected to be between RMB 30 billion and RMB 60 billion and is intended to be used for employee equity schemes or equity incentives. As of April 30, 2024, the Company has not commenced share repurchases. The cumulative number of shares repurchased and cumulative repurchased amounts are 0. The company stated that it will strictly adhere to the relevant regulations and make a repurchase decision at the appropriate time based on market conditions. The Board of Directors of Walt Glass includes Executive Directors Mr. Nguyen Hongliang, Ms. Jiang Jin-hua, Ms. Yuan Zawun, Mr. Wei Ye Chung and Mr. Shen Chi-fu, as well as Independent Non-Executive Directors Ms. Xu Pan, Ms. Huaflan and Ms. Wu Yukuen.