B · Normal
[Songfa Shares: Plans to repurchase shares of 500 million to 1 billion yuan for employee stock ownership plan or equity incentive] On November 6, Songfa Shares (603268.SH) announced that the company plans to use its own funds or self-raised funds (including special loan funds for stock repurchases, etc.) Shares will be repurchased through centralized bidding transactions. The repurchase amount shall not be less than 500 million yuan and shall not exceed 1 billion yuan. The repurchase price shall not exceed 260 yuan/share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase period shall be within 12 months from the date of review and approval by the board of directors.
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