On December 5, Glonghui (301391.SZ) announced an announcement on the company's share repurchase plan. The total capital to be repurchased shall not be less than RMB 30 million (inclusive), not more than RMB 50 million (inclusive); the price of the shares to be repurchased shall not exceed RMB 145 yuan/share (inclusive). The repurchase price shall not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors passes the repurchase resolution.
According to the estimate of the lower repurchase amount and the upper repurchase price limit, it is estimated that the number of shares that can be repurchased is about 206,900 shares, accounting for about 0.30% of the company's total share capital; based on the maximum repurchase amount and maximum repurchase price, the number of shares that can be repurchased is estimated to be about 344,800 shares, accounting for about 0.51% of the company's total share capital. The specific number of shares to be repurchased is based on the actual number of shares repurchased at the end of the repurchase period. The repurchase of shares is used for equity incentive plans and/or employee stock ownership plans; the repurchase period is within 12 months from the date of consideration and approval of the repurchase plan by the board of directors.