Yifeng Pharmacy disclosed an announcement, planning to use its own funds to repurchase company shares through centralized competitive trading, for use in employee stock ownership plans or equity incentives. The amount for this share repurchase is 200 million to 300 million yuan, with a repurchase price not exceeding 30.56 yuan per share. The estimated number of shares to be repurchased is approximately 6.54 million to 9.82 million shares, accounting for about 0.54% to 0.81% of the company's total share capital. The repurchase period shall not exceed six months from the date the company's board of directors approves the share repurchase plan.
Yifeng PharmacyCompany announces share repurchase plan of 200-300 million yuan, signaling confidence and supporting stock price.