Jiangxi Huawu Brake (300095.SZ) plans to implement a buyback of 50 million to 100 million yuan with a buyback price not exceeding 10 yuan per share.

Jiangxi Huawu Brake (300095.SZ) disclosed a plan to repurchase company shares, with the company intending to use its own funds and/or self-raised funds to repurchase company shares through centralized bidding or in a manner allowed by laws and regulations, for the implementation of employee shareholding plans and/or equity incentive plans. The total amount of repurchase shall not be less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive), at a repurchase price not exceeding RMB 10.00 per share (inclusive). The repurchase period shall be no more than 12 months from the date when the board of directors approves this repurchase plan.