Kale Environment Technology (301070.SZ) plans to spend 20-40 million yuan to carry out repurchase of shares at a price not exceeding 65 yuan per share.

Kale Environment Technology (301070.SZ) announced that the company plans to repurchase some of its shares through centralized bidding trading, which will be used for employee stock ownership plans or equity incentive plans. The total amount of funds for the repurchase of shares shall not be less than RMB 20 million (inclusive) and not more than RMB 40 million (inclusive). The repurchase price shall not exceed RMB 65 per share (inclusive). The period for the repurchase of shares shall be within 12 months from the date when the repurchase plan is approved by the board of directors.