YTO Express announced plans to repurchase shares using its own funds, with the buyback amount set at no less than 30 million yuan and no more than 50 million yuan. The repurchase price will not exceed 25 yuan per share, and the repurchased shares will be used for employee stock ownership plans or equity incentive plans. Based on the upper limit of the repurchase price, the number of shares to be repurchased ranges from 1.2 million to 2 million, accounting for 0.04 percent to 0.06 percent of the company's total share capital. The repurchase period is within 12 months from the date the board of directors approves the plan. The company stated that this buyback is based on confidence in its future development prospects and recognition of its corporate value, aiming to stabilize investor expectations, boost market confidence, and further establish and improve a long-term incentive mechanism.
YTO Express Group Co LtdCompany announces share buyback plan to boost confidence and for employee incentives.