Xuancheng Valin Precision Technology (603356.SH) plans to repurchase company shares for 50 million to 100 million yuan.

Xuancheng Valin Precision Technology (603356.SH) announced that the company plans to repurchase its own shares with its own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives. The amount of the share repurchase is not less than RMB 50 million (inclusive), and not more than RMB 100 million (inclusive). The repurchase price of the shares will not exceed RMB 17.43 per share (inclusive).