Nancal Technology Plans Share Buyback Worth Up to 25 Million Yuan

Stock News09-17

Nancal Technology Co.,Ltd. (603859.SH) has announced its intention to repurchase its own shares from the open market, according to a company statement.

The buyback program will utilise the company's自有资金 and will be executed through a centralised competitive bidding process. The total amount allocated for this repurchase is set at no less than RMB 20 million (inclusive) and no more than RMB 25 million (inclusive).

The maximum price for the share repurchase is capped at RMB 59.87 per share (inclusive). The entire buyback initiative is scheduled to be completed within a period of no more than six months, starting from the date the company's board of directors approved the repurchase plan.

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