HKUST Xunfei: It is planned to repurchase company shares from 500 million to 1 billion yuan

On July 4, Capital State learned that the A -share Corporation Science and Technology (002230.SZ) repurchased the company's shareholding plan with a centralized bidding transaction.

In order to actively return investors, reflect the company's confidence in long -term value, and enhance investor confidence. At the same time, further activate the company's innovative momentum, establish and improve long -term incentive mechanisms, and promote the company's long -term sustainable development. The company plans to implement repurchase shares. In the subsequent equity incentives or employee shareholding plans, linking with the company's long -term incentive measures to achieve links, which can not only enhance investor confidence and return to shareholders. , Continue to improve the long -term incentive and restraint mechanism of mutual benefit and win -win, and enhance the overall value of the company.

It is intended to spend 500 million to 1 billion yuan to repurchase shares, and the repurchase price does not exceed 58.6 yuan/share. The repurchase shares will be used for equity incentives or employee holding plans.

Based on the calculating amount of RMB 1 billion, the number of repurchase shares is expected to be not less than 170.64846 million shares, accounting for about 0.73%of the company's current total share capital; It is less than 853.2423 million, accounting for about 0.37%of the current total share capital of the company. The number of specific repurchase shares is subject to the actual repurchase of shares when the repurchase period expires.

The repurchase period is within 12 months from the date of the board of directors to review the plan of this repurchase plan. The source of funds is its own funds or self -raised funds.

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