Fangda Carbon New Material (600516.SH) plans to spend 500 million to 1 billion yuan to repurchase shares.

Fangda Carbon New Material (600516.SH) disclosed a share repurchase plan, with the amount of this repurchase not less than 500 million yuan (inclusive) and not more than 1 billion yuan (inclusive). The repurchase price shall not exceed 4.33 yuan per share (inclusive), and the repurchased shares will be used to maintain the company's value and shareholder rights.