Taotao Vehicle (301345.SZ) Actual Controller Proposes RMB 50 Million to RMB 100 Million Share Buyback

Zhitong Finance APP news, Taotao Vehicle (301345.SZ) issued an announcement that Cao Matao, the company's actual controller, chairman, and general manager, proposed that the company use its own funds or self-raised funds to repurchase part of the company's issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, and use them in due course for equity incentives or employee stock ownership plans. The total amount of funds for the repurchase of shares shall be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive).