Olympic Circuit announced that the company plans to use no less than 200 million yuan and no more than 300 million yuan of its own funds or self-raised funds to repurchase company shares through centralized bidding. The repurchase price will not exceed 55 yuan per share. The repurchased shares are intended for employee stock ownership plans or equity incentives. The repurchase period will not exceed six months from the date of approval by the board of directors.
Olympic Circuit Technology Co LtdCompany announces share buyback of 200-300 million yuan for employee incentives, signaling confidence and supporting stock price.