Xi'an Novastar Tech (301589.SZ) plans to spend 75 million to 150 million yuan to implement a repurchase.

Xian Novastar Tech (301589.SZ) announcement: The company plans to use part of the excess funds and its own funds to implement the third phase of share repurchase through centralized bidding trading, for equity incentives, employee share ownership plans, or conversion of convertible corporate bonds into shares. The planned repurchase amount is not less than RMB 75 million and not more than RMB 150 million (including the principal), and the repurchase price of shares shall not exceed RMB 215 per share (including the principal). The implementation period for the planned repurchase of shares shall be within twelve months from the date of approval of the share repurchase plan by the shareholder meeting.