Kedali announced that it plans to repurchase some A-shares using its own funds or self-raised funds for an employee stock ownership plan or equity incentives. The maximum repurchase price is 292 yuan per share, with total funds of no less than 150 million yuan and no more than 300 million yuan. Based on the upper limit, the number of shares to be repurchased is approximately 513,700 to 1,027,400 shares, accounting for 0.18% to 0.36% of total share capital. The repurchase period is within 12 months from the date the board of directors approves the plan. The company said the move is based on confidence in future development, aiming to protect investor interests and improve the long-term incentive mechanism.
Shenzhen Kedali Industry Co LtdCompany announces share buyback for employee incentives, signaling confidence and supporting stock price.
