YONGGUAN New Material's actual controller proposed that the company repurchase shares for between 30 million and 50 million yuan
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The board of YONGGUAN New Material received a proposal from the actual controller, Lü Xinmin, to repurchase a portion of the issued A-shares at a price ranging from 30 million to 50 million yuan. The repurchase funds will be conducted through self-owned or self-raised funds via centralized bidding on the Shanghai Stock Exchange, and the repurchased shares will be used for equity incentives or convertible bond conversions, and will be transferred within three years after the announcement of the implementation results
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