Fangfang Corporation: has repurchased 33.6759 million shares, using a total amount of funds of 150 million yuan.
Fengfan Group announced on November 21st that the company held the seventh meeting of the sixth board of directors on November 12, 2024, and approved the proposal for the repurchase of shares through centralized competitive trading. The company agreed to use its own funds of no less than 150 million yuan and no more than 300 million yuan, as well as special loans for stock repurchase from financial institutions, to repurchase some of the publicly traded shares issued by the company through centralized competitive trading at a price not exceeding 6.9 yuan per share. The repurchase period is within 12 months from the date of approval by the board of directors. As of November 21, 2025, the company has repurchased a total of 33.6759 million shares, accounting for 2.95% of the total share capital of the company, at a repurchase price ranging from 3.99 yuan per share to 5.16 yuan per share, with a total fund used of 150 million yuan.
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