Kaineng Health: Plans to repurchase company shares with an investment of 25 million to 50 million yuan.
Kangneng Health announced its plan to repurchase shares of the company at a price not less than RMB 25 million and not exceeding RMB 50 million, with a repurchase price not exceeding 6.5 yuan per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. Based on the maximum repurchase price, the estimated number of shares to be repurchased is between 3.8462 million to 7.6923 million shares, accounting for 0.63% to 1.26% of the company's current total equity. The funds for the repurchase will come from its own or self-raised funds, and the implementation period will be within six months from the date of approval by the board of directors.
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