Foxconn Industrial Internet (601138.SH) plans to spend 200 million to 300 million yuan on share buybacks for cancellation. The buyback price will not exceed 40.33 yuan per share.

Foxconn Industrial Internet (601138.SH) announced that the company plans to repurchase shares through centralized bidding trading for the purpose of canceling to reduce its registered capital. The amount for share repurchase will be no less than RMB 200 million, and no more than RMB 300 million. The repurchase price per share will not exceed RMB 40.33. The term for the share repurchase will not exceed 12 months from the date when the shareholder meeting approves the share repurchase plan.