Suzhou Maxwell Technologies' (300751.SZ) controlling shareholder and chairman proposed a share repurchase of 50 million to 100 million yuan.

Suzhou Maxwell Technologies (300751.SZ) announced that the company's board of directors has received a letter from the actual controller and chairman, Zhou Jian, proposing the repurchase of the company's shares using its own funds through centralized bidding. The proposal is to repurchase a portion of the company's RMB ordinary shares (A shares) with a total repurchase amount not less than RMB 50 million and not more than RMB 100 million. The repurchase price limit shall not exceed 150% of the average trading price of the company's stock for the 30 trading days prior to the board of directors' approval of the repurchase resolution. The repurchased shares will be sold through centralized bidding trading after 12 months following the disclosure of the repurchase results and changes in shareholding according to relevant rules.