Proposal for Share Buyback Valued Between 30 and 50 Million Yuan by Puya Semiconductor's Chairman

Stock News07-20

An announcement has been issued by Puya Semiconductor(Shanghai)Co.,Ltd. (688766.SH).

The proposal, put forward by the company's controlling shareholder, actual controller, and Chairman Wang Nan, suggests that the company use its own funds to repurchase a portion of its issued ordinary A-shares through centralized competitive bidding on the Shanghai Stock Exchange trading system.

The purpose of the share repurchase is to safeguard the company's value and the rights and interests of its shareholders.

The total amount of funds allocated for the repurchase is proposed to be no less than 30 million yuan and no more than 50 million yuan, inclusive of both figures.

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