Ningbo Huaxiang: Plans to repurchase no less than 200 million yuan and no more than 210 million yuan of company shares

2026-03-05 12:06:18

Everyday AI Express, Ningbo Huaxiang (SZ 002048, closing price: 28.46 RMB) announced on the evening of March 4th that Ningbo Huaxiang Electronics Co., Ltd. plans to use its own funds to repurchase company shares through centralized bidding, for employee stock ownership plans or equity incentives. The shares to be repurchased will be used to implement employee stock ownership plans or equity incentives. The number of shares to be repurchased, the proportion of the company’s total share capital, and the total funds intended for the repurchase will be no less than 200 million RMB (including) and no more than 210 million RMB (including). The repurchase price will not exceed 48.88 RMB per share (including), which is no more than 150% of the average trading price of the company’s stock over the 30 trading days prior to the board resolution approving the repurchase plan. The implementation period for the share repurchase is within 12 months from the date the board approves the plan.

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(Reporter Zeng Jianhui)

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