Yangfan New Materials (300637.SZ) plans to repurchase company shares with an outlay of 30 million to 60 million yuan.

Yangfan New Materials (300637.SZ) announced that the company plans to repurchase a portion of its shares using its own funds and/or self-raised funds through a centralized bidding method, for the purpose of equity incentives or employee stock ownership plans. The fund for the repurchase of shares will be no less than 30 million yuan (inclusive) and no more than 60 million yuan (inclusive). The repurchase price for the shares will not exceed 12 yuan per share (inclusive).