Gelonghui, Feb. 6 | Xianying Technology (301067.SZ) announced that the company plans to use its own funds to repurchase RMB common stock (A shares) shares (hereinafter referred to as “this repurchase”) issued by the company through centralized bidding transactions to implement equity incentives or employee stock ownership plans. The total capital of the repurchase shall not be less than RMB 20 million (inclusive) and not more than RMB 40 million (inclusive). The specific repurchase amount shall be subject to the actual repurchase amount when the implementation of the repurchase is completed. The proposed repurchase price does not exceed RMB 38 per share (inclusive). The proposed repurchase period shall not exceed 12 months from the date the board of directors of the company reviewed and approved the share repurchase plan.
Based on the maximum repurchase price of RMB 38 per share, when the total repurchase capital is RMB 20 million, the estimated number of shares to be repurchased is 526,316 shares, accounting for 0.54% of the company's current total share capital; when the total repurchase capital is up to RMB 40 million, the estimated number of shares to be repurchased is 1,052,631 shares, accounting for about 1.08% of the company's current total share capital.