Ningde Times: Plans to buy back shares for cancellation with 20 billion to 40 billion yuan

On July 24, Ningde Times (300750.SZ) announced that the company plans to use its own or self-raised funds to repurchase the company's A shares through centralized bidding transactions. The total amount of repurchase funds shall not be less than 20 billion yuan and no more than 40 billion yuan. The upper limit of the repurchase price is 573 yuan/share. The shares repurchased will be used to cancel and reduce the company's registered capital. The repurchase period will be 12 months from the date of review and approval by the shareholders 'meeting.