Zhejiang Lianxiang Smart Home (603272.SH) plans to spend 15 million to 30 million yuan to repurchase shares.

Zhejiang Lianxiang Smart Home (603272.SH) announced that the company plans to invest 15 to 30 million yuan to repurchase shares, with the repurchase price not exceeding 17.22 yuan per share. The repurchased shares will be used for employee stock ownership plans and/or equity incentives. The funds for the share repurchase will come from the company's own funds and self-raised funds. As of the announcement date, the company has received a "Loan Commitment Letter" from the Agricultural Bank Of China Haiyan Branch, committing to provide the company with 10.5 million yuan in loan funds specifically for stock repurchases, with a term of 12 months.