Hongxin Electronics (300657.SZ) Chairman Proposes Share Buyback of RMB 200 Million to RMB 400 Million

Zhitong Finance APP news, Hongxin Electronics (300657.SZ) issued an announcement that Mr. Li Qiang, chairman of the company, proposed that the company repurchase part of its shares through centralized bidding trading, and the repurchased shares will be used for equity incentives or employee stock ownership plans to enhance shareholder value. The total funds for the share repurchase shall be no less than RMB 200 million (inclusive) and no more than RMB 400 million (inclusive), and the repurchase period shall be within 12 months from the date the repurchase plan is deliberated and approved by the company's board of directors.