On the evening of February 2, Shede Liquor Co., Ltd. announced that the company's chairman Pu Jizhou proposed that the company repurchase shares with no less than 100 million yuan and no more than 200 million yuan, which will be used for employee stock ownership plans or equity incentives.
According to the proposed content in the announcement of Shede Liquor, the company repurchases part of the company's issued RMB ordinary shares (A shares) through the Shanghai ** exchange trading system with its own funds, and the ** repurchase of shares does not exceed 150% of the average trading price of the company ** in the 30 trading days before the board of directors passes the resolution to repurchase shares.
The repurchased shares will be used for employee stock ownership plans or equity incentives, which will be implemented by the board of directors in accordance with relevant laws and regulations. If the company fails to use up the repurchased shares within 3 years after the announcement of the implementation results of the share repurchase and the announcement of the share change, the unused repurchased shares will be cancelled.
Cai Xuefei, an analyst in the liquor industry, pointed out that under the current situation of continuous fluctuations in the liquor sector, Shede Liquor took out real money to repurchase the secondary market, which is not only conducive to stabilizing investors' confidence and expectations, but also conducive to improving the company's long-term incentive mechanism, fully mobilizing the enthusiasm of the company's employees, improving cohesion, and promoting the company's stable, healthy and sustainable development.
Text: Beijing Youth Daily reporter Zhang Xin.
Edited by Field.