Shanghai Zj Bio-Tech Co., Ltd (688317.SH) plans to buy back shares worth 60 million to 110 million yuan.

Shanghai Zj Bio-Tech Co., Ltd(688317.SH) announced that the company plans to repurchase shares with a total amount of 60 million to 110 million yuan, at a repurchase price not exceeding 25.99 yuan per share. The repurchased shares will be used to maintain the company's value and shareholder rights. The shares will be sold through centralized bidding trading after 12 months from the announcement of the repurchase results and share changes, in accordance with relevant rules, and will be completed within 3 years after the announcement of the repurchase results and share changes. Sources of funds for share repurchase: Company's own funds and special loans for stock repurchase. The company has obtained a "Loan Commitment Letter" from China Merchants Bank Co., Ltd. Shanghai Branch, and the specific loan matters will be subject to the loan contract signed by both parties.