Gem Co.,Ltd. (SZSE: 002340) has announced its intention to repurchase a portion of its own shares using either its own funds or raised capital, with the transactions to be conducted on the secondary market via centralized bidding.
The repurchased shares are designated for use in future equity incentive plans or employee stock ownership schemes.
The total amount allocated for this buyback is set at a minimum of 100 million yuan and a maximum of 160 million yuan.
The company has established a maximum repurchase price of 10.60 yuan per share.
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