AOTO Electronics announced that it plans to use its own funds to repurchase part of its A-shares through centralized bidding, for use in employee stock ownership plans or equity incentives. The total repurchase amount will be no less than 10 million yuan and no more than 20 million yuan, with a repurchase price not exceeding 8 yuan per share. Based on the price cap, the estimated number of shares to be repurchased ranges from 1.25 million to 2.5 million shares, accounting for approximately 0.1910% to 0.3820% of the company's total share capital. The plan has been approved by the board of directors and does not require submission to the shareholders' meeting. The company stated that the repurchase funds will not have a significant impact on its operations, financial condition, or future development.
Shenzhen Aoto Electronics Co LtdCompany announces share repurchase plan, typically supportive for stock price.
