Feirongda (300602.SZ) plans to repurchase company shares for RMB 50 million to RMB 100 million.

Zhito Finance APP News: Feirongda (300602.SZ) announced that the company plans to use its own funds to repurchase company shares through centralized bidding, and intends to use them for equity incentives or employee stock ownership plans at an appropriate time in the future. The total funds for this share repurchase shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive), and the repurchase price per share shall not exceed RMB 50 (inclusive).