Several listed companies announced share repurchase plans on July 15th. Among them, Yonghe Co., Ltd. plans to buy back shares worth 1.5 to 3 billion yuan; Hitech New Material Co., Ltd. intends to repurchase shares worth 50 to 100 million yuan; the Chairman of Zhongchuang Zhiling proposed a 3 to 4 billion yuan buyback for cancellation and equity incentives; Tonghe Technology Co., Ltd. plans a 35 to 70 million yuan repurchase for equity incentives; and Lisheng Sports Co., Ltd. intends to repurchase 20 to 40 million yuan worth of its shares.
Yonghe Co., Ltd.: Plans to Repurchase Shares Worth 1.5 to 3 Billion Yuan
Yonghe Co., Ltd. announced that the company intends to repurchase shares through centralized bidding. The repurchase amount will be no less than 1.5 billion yuan and no more than 3 billion yuan, with a repurchase price not exceeding 38 yuan per share. The repurchased shares will be partially used for employee stock ownership plans or equity incentives, and partially for reducing registered capital. The repurchase period will not exceed 9 months from the date of approval by the shareholders' meeting.
Hitech New Material Co., Ltd.: Plans to Repurchase Shares Worth 50 to 100 Million Yuan
Hitech New Material Co., Ltd. announced that the company plans to repurchase shares through centralized bidding. The total repurchase funds will be no less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive), with a repurchase price not exceeding 166 yuan per share. The funding source will be the company's own funds and special loans for share repurchases. The repurchased shares will be used to maintain the company's value and shareholders' equity, and will be sold through centralized bidding transactions 12 months after the disclosure of the repurchase results and share change announcement. The repurchase period is within 3 months from the date of board approval.
Lisheng Sports Co., Ltd.: Plans to Repurchase 20 to 40 Million Yuan Worth of Company Shares
Lisheng Sports Co., Ltd. announced on July 15th that it intends to repurchase company shares through centralized bidding transactions, with a total repurchase amount of no less than 20 million yuan and no more than 40 million yuan. The repurchase price will not exceed 17.7 yuan per share. The repurchased shares will be used to maintain the company's value and shareholders' equity. The repurchase period is within 3 months from the date the company's board of directors reviews and approves the repurchase plan.
Zhongchuang Zhiling: Chairman Proposes 3 to 4 Billion Yuan Buyback for Cancellation and Equity Incentives
Zhongchuang Zhiling announced that the company's Chairman, Jiao Chengyao, proposed that the company use its own or raised funds to repurchase some A-shares through centralized bidding. The total repurchase funds will be no less than 3 billion yuan and no more than 4 billion yuan. Fifty percent of the repurchased shares will be cancelled to reduce registered capital, and fifty percent will be used to implement equity incentives or employee stock ownership plans. At the same time, Jiao Chengyao plans to increase his holdings of the company's A-shares by 5 to 7.5 million yuan.
Tonghe Technology Co., Ltd.: Plans to Repurchase 35 to 70 Million Yuan Worth of Shares for Equity Incentives
Tonghe Technology Co., Ltd. announced that the company plans to use its own or raised funds (including special loan funds for share repurchases) to repurchase the company's A-shares through centralized bidding transactions. The total repurchase funds will be no less than 35 million yuan and no more than 70 million yuan, with a repurchase price not exceeding 45 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The company has obtained a loan commitment letter of no more than 63 million yuan from Industrial Bank Co., Ltd., Shijiazhuang Branch, to support this repurchase.
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