Huaming Power Equipment Co.,Ltd. (002270.SZ) has announced a plan to repurchase part of its issued RMB-denominated ordinary shares (A shares) from the secondary market through centralized bidding, using its own funds or self-raised funds, for the purpose of implementing an employee stock ownership plan or equity incentive.
The total funds for this share repurchase shall be no less than 150 million yuan and no more than 250 million yuan, with the repurchase price not exceeding 22.96 yuan per share.
The repurchase period shall be within 12 months from the date of approval by the board of directors.
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