Yanshan Technology (002195) issued a share buyback announcement on May 16th.ReelkingmegawaysfreeplayThe company plans to complete the share repurchase plan from May 16, 2024 to October 17, 2024.ReelkingmegawaysfreeplayThe repurchase price is no more than 4.Reelkingmegawaysfreeplay.40 yuan per share, the total repurchase amount does not exceed RMB 12000ReelkingmegawaysfreeplayIf the full repurchase is made and calculated according to the upper limit of the total repurchase amount and the price of the repurchased shares, it is estimated that the number of shares that can be repurchased will not exceed 27.2727 million, and the upper limit of the number of shares to be repurchased shall account for 0.48% of the total share capital of the company. The specific number of repurchased shares shall be based on the number of shares actually repurchased when the repurchase period expires or terminates the repurchase.
The announcement said that based on the confidence in the company's future development prospects and the high recognition of the company's value, in order to safeguard the interests of investors, strengthen the return of shareholder value, enhance investor confidence, and promote the reasonable return of the company's stock price to intrinsic value, on the basis of comprehensive consideration of the company's operating situation, financial situation and development strategy, the company plans to use its own funds to buy back some of the company's public shares in the form of centralized bidding. The repurchased shares will be used to reduce the company's registered capital and be cancelled within ten days from the date of completion of the repurchase.
