On February 5, GLONGHUI | Boss Software (300525.SZ) announced that the company plans to buy back some of the company's RMB common stock (A shares) shares through centralized bidding transactions, which are intended to be used for employee stock ownership plans or equity incentives. The total capital to be repurchased is not less than RMB 50 million and not more than RMB 10 million. The maximum share repurchase price this time is 15.28 yuan/share, which is not higher than 110% of the average trading price of the company's shares in the 30 trading days before the board of directors of the company passed the share repurchase resolution.
Based on the maximum repurchase capital of RMB 10 million (inclusive) and the upper limit of the repurchase price of 15.28 yuan/share, it is estimated that the repurchase of shares is approximately 654.52 million shares, accounting for about 0.87% of the company's total issued share capital; based on the lower limit of the total repurchase amount of RMB 50 million (inclusive) and the upper limit of the repurchase price of 15.28 yuan/share, it is estimated that the repurchase of shares is approximately 32.272.52 million shares, accounting for about 0.44% of the company's total issued share capital. The specific number of shares to be repurchased is based on the actual number of shares repurchased when the repurchase is completed. The implementation period is within 12 months from the date the board of directors reviewed and approved the share repurchase plan.