Willfar Information Technology (688100.SH) plans to repurchase company shares worth 40 million to 50 million yuan.

Willfar Information Technology (688100.SH) announced that the company plans to repurchase the RMB ordinary shares (A shares) issued by the company through the Shanghai Stock Exchange trading system through centralized bidding trading. The amount of repurchased shares shall not be less than RMB 40 million and shall not exceed RMB 50 million. The repurchase price shall not exceed RMB 54 per share. The repurchased shares are intended to be used in the future at an appropriate time for equity incentives or employee stock ownership plans, and will be transferred within three years after the announcement of the results of the share repurchase and share changes. If the company is unable to fully utilize the repurchased shares within three years after the announcement of the results of the share repurchase and share changes, the unused repurchased shares will be canceled.