ST Zheng Tong (002197) issued a share repurchase announcement on May 15, 2024. The company intends to complete the company's share repurchase plan from May 15, 2024 to May 14, 2025, and the repurchase price is no more than 12.Automaticroulettewheel.00 yuan per share, the total repurchase amount does not exceed RMB 40 million RMB. If the full repurchase amount is calculated according to the upper limit of the total repurchase amount and the price limit of the repurchased shares, the number of shares that can be repurchased is expected to be no more than 3.3333 million shares, and the maximum number of shares to be repurchased accounts for 0.54% of the total share capital of the company.AutomaticroulettewheelThe number of shares actually repurchased at the expiration of the repurchase period or upon termination of the repurchase shall prevail.
The announcement said that based on the confidence in the company's development prospects and the recognition of the company's value, in order to safeguard the interests of investors, enhance the confidence of public investors in the company, and effectively protect the legitimate rights and interests of all shareholders, combined with the company's operating and financial conditions and other factors, the company plans to use its own funds to buy back some of the issued RMB common shares (A shares) through the Shenzhen Stock Exchange trading system. And the aforementioned repurchased shares will be used to implement the equity incentive plan or employee stock ownership plan in the future.
The stock symbol is abbreviated as the repurchase shares on the date of the announcement. The latest maximum repurchase price per share (unit: yuan) the total amount of funds to be repurchased (unit: ten thousand yuan) the maximum number of shares to be repurchased (unit: ten thousand shares) the proportion of the maximum number of shares to be repurchased to the total share capital of the company 002197ST Zheng Tong 12.004000.00333.330.54% on May 15, 2024.