Zhejiang Yatai Pharmaceutical (002370.SZ)'s actual controller proposes a share repurchase of RMB10 million to RMB20 million.

Zhejiang Yatai Pharmaceutical (002370.SZ) announced that Mr. Qiu Zhongxun, the company's actual controller, chairman, and general manager, has proposed to the board of directors that the company use its own funds and/or self-raised funds to repurchase part of the company's shares through centralized bidding transactions, to be used at an appropriate time in the future for implementing the company's equity incentive plan or employee stock ownership plan. The total amount of funds for this share repurchase shall be no less than RMB10 million (inclusive) and no more than RMB20 million (inclusive).