Ningbo Huaxiang Electronic (002048.SZ) plans to repurchase company shares for an amount between 30 million and 50 million yuan.

Ningbo Huaxiang Electronic (002048.SZ) announced that the company intends to use its own funds and a special loan provided by Bank Of China Ningbo Branch to repurchase company shares through centralized bidding trading, to be used for cancelling and reducing the company's registered capital. After considering the company's financial situation, operating conditions, and future profit potential, the total amount of funds for this repurchase is determined to be not less than RMB 30 million (inclusive) and not more than RMB 50 million (inclusive). The repurchase price will not exceed RMB 20.16 per share (inclusive), and the implementation period will be up to 12 months from the date of approval of the shareholder meeting to repurchase shares.