Huitong Holdings (603409.SH) plans to repurchase shares for RMB 20 million to RMB 40 million.

Zhitong Finance APP News, Huitong Holdings (603409.SH) announced that the company plans to repurchase shares for an amount of RMB 20 million to RMB 40 million, with a repurchase price not exceeding RMB 24 per share. The repurchased shares will be partly used for cancellation and reduction of registered capital, and partly used for the subsequent implementation of equity incentives or employee stock ownership plans. Among them, the number of shares intended for equity incentives/employee stock ownership plans accounts for 50% of the actual total repurchase volume, and the number of shares intended for cancellation and reduction of registered capital accounts for 50% of the actual total repurchase volume.