LONGCHEER Announces Plan to Repurchase Up to 500 Million Yuan Worth of A-Shares

Stock News04-28

LONGCHEER (09611) has announced a plan to repurchase its A-share stock using a combination of its own funds and raised capital, with the total amount allocated between 250 million yuan and 500 million yuan. The repurchases will be conducted through centralized bidding on the secondary market. The company stated that this decision is based on its strong confidence in future development prospects and a high recognition of the company's intrinsic value. The shares bought back are intended to be used for an employee stock ownership plan or an equity incentive scheme. The maximum price for the share repurchase has been set at 57.72 yuan per share.

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