Beijing YanDong MicroElectronic (688172.SH) plans to spend 40 to 80 million yuan on repurchasing.

Beijing YanDong MicroElectronic (688172.SH) announced that the company plans to repurchase shares through centralized bidding, all of which will be used for employee stock ownership plans or equity incentives. The total amount of funds for this repurchase will not be less than RMB 40 million and not more than RMB 80 million. The repurchase price of shares will not exceed RMB 20.07 per share. The repurchase period will not exceed 12 months from the date when the final share repurchase plan is approved by the board of directors.