Gelonghui March 10 | Nongshim Technology (001231.SZ) announced that the company plans to use its own funds or self-raised funds to repurchase the company's shares through centralized bidding transactions. The types of shares to be repurchased are RMB common shares (A) shares already issued by the company. The total capital is not less than RMB 20 million (inclusive) and no more than RMB 36 million (inclusive), and the share repurchase price does not exceed RMB 26.30 per share.
According to the upper limit of the total share repurchase capital and the upper limit of the repurchase price, the estimated number of shares that can be repurchased is about 1,368,821 shares (rounded), accounting for 1.37% of the company's current total share capital; based on the lower limit of the total repurchase capital and the upper limit of the repurchase price, the estimated number of shares that can be repurchased is about 760,457 shares (rounded), accounting for about 0.76% of the company's current total share capital.
The share repurchase period is no more than 12 months from the date the company's shareholders' meeting deliberates and approves the share repurchase plan. The specific number of repurchases is based on the actual number of shares repurchased at the end of the repurchase period. The repurchased shares will be used for employee stock ownership plans or equity incentive plans.