Xi'an Novastar Tech (301589.SZ) plans to repurchase shares with an amount ranging from 75 million to 150 million yuan.

Xi'an Novastar Tech (301589.SZ) has announced that the company plans to use its own funds or self-raised funds to implement the fourth phase of share repurchase through centralized bidding trading. The amount of the repurchase will be no less than 75 million yuan and no more than 150 million yuan, with a repurchase price not exceeding 240 yuan per share. The repurchased shares will be used for equity incentive, employee stock ownership plan, or conversion of convertible bonds into shares.