Shenzhen New Land Tool Planning & Architectural Design (300778.SZ) plans to spend 40 to 80 million yuan on a stock buyback, with a maximum purchase price of 18.49 yuan per share.

Shenzhen New Land Tool Planning & Architectural Design (300778.SZ) announced that the company intends to repurchase A-shares for the implementation of employee stock ownership plans and/or incentive plans. The total amount of the repurchase shall not be less than RMB 40 million (inclusive) and not more than RMB 80 million (inclusive); the repurchase price shall not exceed RMB 18.49 per share (inclusive). The repurchase period shall be within 12 months from the date of approval of the repurchase plan by the company's board of directors.