Changhong Huayi (000404.SZ) plans to repurchase company shares worth 150 million to 300 million yuan.

The Intelligent Financial APP news, Changhong Huayi (000404.SZ) announced that the company plans to use its own funds and special repurchase loans to repurchase part of the shares through centralized bidding trading, and will use it for equity incentives at a suitable time in the future. The total amount of funds for this repurchase of shares shall not be less than RMB 150 million (inclusive) and not more than RMB 300 million (inclusive), with a maximum repurchase price of 9.8 yuan per share, and the repurchase period shall be within 12 months from the date when the board of directors of the company approves the repurchase plan.