Hangdian Co., Ltd. (603618.SH) Chairman proposes repurchasing company shares for RMB 50 million to RMB 100 million.

Zhitong Finance APP news, Hangdian Co., Ltd. (603618.SH) issued an announcement that the company's chairman Hua Jianfei proposed that the company use its own or self-raised funds to repurchase part of the company's issued RMB ordinary shares (A shares) through the Shanghai Stock Exchange trading system by way of centralized bidding. The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce the company's registered capital. The total amount of repurchase funds shall be no less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive).