Shenzhen Xinyuren Technology (688573.SH) plans to spend 25 million to 50 million yuan repurchasing shares.

Shenzhen Xinyuren Technology (688573.SH) announced that the company plans to invest 25-50 million yuan to repurchase shares, with a repurchase price not exceeding 24.93 yuan/share. The source of funds for the repurchase of shares is from the company's own funds and a bank special loan provided by Industrial and Commercial Bank of China, Shenzhen Longgang Branch. The purpose of repurchasing shares is to maintain the company's value and protect the interests of shareholders. The repurchased shares will be sold through centralized bidding trading 12 months after the disclosure of the repurchase results and share changes announcement, and must be sold within 3 years after the announcement. If the company fails to complete the sale within the specified period, the unsold shares will be cancelled in accordance with relevant procedures.