Xiangshan Holdings (002870.SZ) plans to repurchase company shares for RMB 30 million to RMB 50 million.

Zhitong Finance APP News, Xiangshan Co., Ltd. (002870.SZ) announced that the company plans to use its own/self-raised funds to repurchase part of its issued RMB ordinary shares (A shares) through centralized bidding transactions. All repurchased shares will be used for cancellation and corresponding reduction of the company's registered capital. The funds for this share repurchase shall be no less than RMB 30 million and no more than RMB 50 million.