Huaming Power Equipment (002270.SZ) plans to repurchase company shares worth 150 million to 200 million yuan.

Huaming Power Equipment (002270.SZ) announced that, in order to further improve the company's long-term incentive mechanism and benefit sharing mechanism, fully motivate the enthusiasm of core employees, and effectively align the interests of the company, shareholders, and employees, taking into account the company's current operating and financial conditions, the company plans to use its own funds or self-raised funds to repurchase some of the company's issued Renminbi ordinary shares (A shares) through centralized bidding on the secondary market, for the implementation of an employee stock ownership plan or equity incentive. The total amount of funds for this repurchase shall not be less than 150 million yuan (inclusive) and not exceed 200 million yuan (inclusive), the repurchase price shall not exceed 24.60 yuan per share, and the implementation period of the repurchased shares shall be within 12 months from the date of approval by the board of directors.