Boe Technology Group (000725.SZ) plans to spend 3.6 to 6.3 billion yuan to repurchase A shares for equity incentive.

Boe Technology Group (000725.SZ) announced that the company plans to repurchase A-shares with self-raised funds; the fund scale for the repurchase will be no less than RMB 500 million and no more than RMB 1 billion, and the repurchased shares will be used for cancellation and reduction of the company's registered capital. The repurchase price will not exceed RMB 6.00 per share. On the same day, the company also announced that it plans to repurchase A-shares for the implementation of an equity incentive plan; the number of repurchased shares will not exceed 1.05 billion shares, and not be less than 600 million shares; the repurchase price will not exceed RMB 6.00 per share. Based on the upper limit of the repurchase quantity, the total amount of repurchase funds is estimated to be up to RMB 6.3 billion. Based on the lower limit of the repurchase quantity, the total amount of repurchase funds is estimated to be about RMB 3.6 billion. The repurchase period will not exceed 12 months from the date of approval by the board of directors of the repurchase plan.