Kuang-Chi Technologies (002625.SZ) plans to repurchase company shares worth 50 to 100 million yuan.

Kuang-Chi Technologies (002625.SZ) announced that the company plans to use its own funds to repurchase some of its issued Renminbi ordinary shares (A shares) through the Shenzhen Stock Exchange trading system in a centralized bidding trading manner, for the purpose of employee shareholding plans or equity incentives. The total amount of repurchase funds will not be less than RMB 50 million (inclusive) and not more than RMB 100 million (inclusive), and the repurchase price of the shares will not exceed RMB 74.54 per share (inclusive). The implementation period will not exceed 12 months from the date of approval of the share repurchase plan by the board of directors.