Friend Co., Ltd. (605050.SH) plans to repurchase shares worth 30-80 million yuan.

Friend Co., Ltd. (605050.SH) announced a share repurchase plan. The company plans to repurchase shares with a total amount not less than RMB 30 million (inclusive), and not exceeding RMB 80 million (inclusive, subject to the final letter of commitment for special bank stock repurchase loans). The repurchase price of shares will not exceed RMB 15.03 per share (inclusive), and the repurchased shares are intended for equity incentives or employee stock ownership plans.