Sungrow Power Supply (300274.SZ) plans to buy back company shares worth 500 million to 1 billion yuan.

According to the announcement from Zhongguang Electric Power (300274.SZ), the company intends to use its own or raised funds to repurchase part of its shares through centralized bidding. This is for the implementation of an employee shareholding plan or equity incentive plan for some core and backbone employees at a suitable time in the future. The total funds for the repurchase will not be less than 500 million yuan (inclusive) and not exceed 1 billion yuan (inclusive), and the repurchase price per share will not exceed 188 yuan (inclusive).