Chairman of Meihua Holdings Group (600873.SH) proposed that the company allocate 300 million to 500 million yuan to repurchase shares for cancellation.

Meihua Holdings Group (600873.SH) announced that the Chairman of the company, Wang Aijun, proposed the company to repurchase its own shares with its own funds for cancellation, in order to reduce the registered capital. The proposed price for this share repurchase is not more than RMB 12 per share. The total amount of repurchase funds shall not be less than RMB 300 million (inclusive) and not more than RMB 500 million (inclusive).