Sifang Automation (601126.SH) plans to repurchase company shares for RMB 100 million to RMB 150 million.

Zhitong Finance APP News, Sifang Co., Ltd. (601126.SH) announced that the company plans to use its own funds to repurchase company shares through centralized bidding trading, which will be used for the future implementation of an employee stock ownership plan or equity incentive plan. The repurchase amount shall be no less than RMB 100 million (inclusive) and no more than RMB 150 million (inclusive). The repurchase price shall not exceed RMB 50 per share. The repurchase period shall not exceed 12 months from the date the company's board of directors approves this share repurchase plan.