MTM: Plans to repurchase shares for 30 million to 50 million yuan
MTM announced that the company plans to repurchase shares with funds ranging from 30 million to 50 million yuan, with a repurchase price not exceeding 96.54 yuan per share. The repurchased shares will be used entirely for the employee stock ownership plan or equity incentives and will be transferred within three years from the announcement date of the repurchase results and share changes. If the repurchased shares are not fully transferred within three years, the company will legally proceed with the reduction of registered capital, and the untransferred shares will be canceled. The repurchase period is within six months from the date of the board of directors' approval, and the funding source will be the company's own funds or a special loan provided by the Nanjing branch of CITIC Bank