Chairman of Wolong Electric Group (600580.SH) proposed to repurchase company shares with an amount ranging from 50 million to 100 million yuan.

16:41 21/07/2026

The announcement of Wolong Electric Drive (600580.SH) stated that the company's chairman, Pang Xinyuan, proposed to use its own funds to repurchase some of the company's issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by means of centralized bidding trading, and to use the repurchased shares for equity incentive plans or employee stock ownership plans in the future. The total amount of funds for repurchase shall not be less than RMB 50 million (inclusive) and shall not exceed RMB 100 million (inclusive).

Wolong Electric Group (600580.SH) announced that the chairman of the company, Pang Xinyuan, proposed to use its own funds to repurchase some of the RMB ordinary shares (A shares) issued by the company through the Shanghai Stock Exchange trading system in a centralized bidding manner, and to use the repurchased shares for equity incentive plans or employee shareholding plans in the future as appropriate. The total amount of the repurchase funds shall not be less than 50 million yuan, and not exceed 100 million yuan.

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