Suzhou Hengmingda Electronic Technology (002947.SZ) plans to spend 200 million to 400 million yuan to implement a buyback.

Suzhou Hengmingda Electronic Technology (002947.SZ) announced that the company plans to repurchase its own shares for the purpose of employee shareholding plans or equity incentives. The total amount of funds for this repurchase shall not be less than 200 million yuan and not more than 400 million yuan, and the repurchase price of the shares shall not exceed 67.12 yuan (including the face value). The repurchase period shall not exceed 12 months from the date of approval of the repurchase plan by the board of directors.