China Greatwall Technology Group (000066.SZ) plans to spend 166 million to 256 million yuan to repurchase shares.

China Greatwall Technology Group (000066.SZ) announced that the company plans to use self-raised funds to repurchase some of the company's already issued A shares through centralized bidding trading method for the purpose of implementing stock incentive. The total amount of funds intended for repurchase is not less than 166 million yuan and not more than 256 million yuan. Under the condition that the repurchase price does not exceed 18 yuan per share, it is estimated that approximately 9.22 million shares can be repurchased, accounting for 0.29% of the company's total share capital; based on the upper limit of the repurchase funds, it is estimated that approximately 14.22 million shares can be repurchased, accounting for 0.44% of the company's total share capital. The implementation period of the repurchase shall not exceed 6 months from the date when the board of directors approves the share repurchase plan.