Zhejiang Taotao Vehicles (301345.SZ) Actual Controller Proposes RMB 50 Million to RMB 100 Million Share Buyback
Zhejiang Taotao Vehicles (301345.SZ) announced that Cao Matao, the company's actual controller, chairman, and general manager, has proposed that the company use its own funds or self-raised funds to repurchase a portion of its issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system via centralized bidding, and to use them in due course for equity incentives or employee stock ownership plans. The total funds for the share repurchase shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive).
Zhejiang Taotao Vehicles (301345.SZ) announced that Cao Matao, the company's actual controller, chairman, and general manager, has proposed that the company use its own funds or self-raised funds to repurchase a portion of its issued RMB ordinary shares (A-shares) through the Shenzhen Stock Exchange trading system via centralized bidding, and to use them in due course for equity incentives or employee stock ownership plans. The total funds for the share repurchase shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive).
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