Asymchem: Plans to Repurchase Company Shares for RMB 500 Million to RMB 700 Million

Asymchem announced that the company plans to use its own funds and self-raised funds to repurchase its A-shares through centralized bidding, with the total repurchase amount not less than RMB 500 million and not more than RMB 700 million, and the repurchase price not exceeding RMB 246 per share. The repurchased shares will be used for the subsequent implementation of an employee stock ownership plan or equity incentive, and for cancellation to reduce registered capital, of which the number of shares used for the employee stock ownership plan or equity incentive shall not exceed 60% of the total repurchase volume, and the number of shares used for cancellation to reduce registered capital shall not be less than 40% of the total repurchase volume. The repurchase period is within 12 months from the date of approval by the board of directors.