Delton Technology Plans Share Buyback Worth RMB 100 Million to 200 Million

Deep News11-02

On November 2, Guangzhou Delton Technology Inc. (SZSE: 001389) announced a plan to repurchase company shares through centralized bidding using its own funds and/or self-raised funds, with the total repurchase amount ranging from no less than RMB 100 million to no more than RMB 200 million, at a repurchase price not exceeding RMB 237.00 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans.

The repurchase period is within 12 months from the date the board of directors approves the plan.

The estimated number of shares to be repurchased is approximately 421,900 to 843,900 shares, accounting for roughly 0.09% to 0.18% of the company's total share capital.

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