Beijing News (Reporter Xue Chen) On February 22, Sichuan Shuijingfang Co., Ltd. (hereinafter referred to as "Shuijingfang") issued an announcement that it intends to promote the repurchase of the company's shares by centralized bidding transactions, and the total amount of funds to repurchase shares is not less than 75 million yuan.
On February 4, Fan Xiangfu, chairman of Shuijingfang, proposed that the company repurchase part of the company's issued RMB ordinary shares with its own funds through the Shanghai ** exchange trading system in a centralized bidding transaction, and use the aforementioned repurchased shares for employee stock ownership plans or equity incentives at an appropriate time in the future.
On February 21, the board of directors of Shuijingfang deliberated and approved the proposal to repurchase the company's shares by centralized bidding. According to the repurchase plan, the total amount of shares to be repurchased shall not be less than 75 million yuan (inclusive) and shall not exceed 1500 million yuan (inclusive), repurchase ** not more than 7500 yuan shares (inclusive), repurchase funds** for the company's own funds.
Shuijingfang said that the repurchase of shares is intended to be used for the company's employee stock ownership plan or equity incentive, which is conducive to safeguarding the interests of investors, improving the company's long-term incentive mechanism, and more closely and effectively combining the interests of shareholders, the company and employees. The repurchase will not have a significant impact on the company's daily operations, finance, research and development, debt performance ability, future development, etc.
Edited by Zhu Fenglan.
Proofread by Diyan Chen.