Bethel announced that its board of directors has approved a buyback proposal, under which the company intends to use its own funds or self-raised funds to repurchase shares through centralized competitive bidding. The buyback amount will be no less than 100 million yuan and no more than 200 million yuan, with a repurchase price not exceeding 37.23 yuan per share. The buyback period will be no more than 12 months from the date of board approval. All repurchased shares will be used for employee stock ownership plans or equity incentives. Based on the upper limit of the repurchase price, the number of shares to be repurchased will range from 2.686 million to 5.372 million, accounting for 0.30% to 0.60% of the company's total share capital. The company stated that this move aims to establish a long-term incentive mechanism, attract and retain outstanding talent, enhance investor confidence, and promote sustainable development.
Bethel Automotive Safety Systems Co Ltd Class ACompany announces share buyback of 100-200 million yuan for employee incentives, signaling confidence and supporting stock price.