GuangDong Rifeng Electric Cable (002953.SZ) plans to spend 30-45 million yuan to repurchase shares.

GuangDong Rifeng Electric Cable (002953.SZ) disclosed its share repurchase plan. The total amount of funds for this repurchase will not be less than 30 million yuan and not more than 45 million yuan. The repurchase price of shares shall not exceed 11.10 yuan per share, and the purpose of the share repurchase is intended for employee stock ownership plans or equity incentives.