Jinli Permanent Magnet: Intends to repurchase shares worth 100 million to 200 million yuan for cancellation

Jinli Permanent Magnet announced its plan to repurchase shares with a total amount of 100 million to 200 million RMB, and the repurchase price not exceeding 31.18 RMB per share. The repurchased shares will be used in accordance with the law for cancellation and reduction of its registered capital.