Changshu Fengfan Power Equipment (601700.SH) plans to allocate 150 million to 300 million yuan to repurchase shares.

Changshu Fengfan Power Equipment (601700.SH) has announced that the company plans to spend 150 million to 300 million yuan to repurchase shares. The repurchase price will not exceed 6.90 yuan per share, and the repurchased shares are intended to be used for equity incentives or employee shareholding plans. The source of funds for the share repurchase includes the company's own funds and special repurchase loans.