Kosun Technology (688788.SH) plans to repurchase shares worth 30 million to 50 million yuan.

Intelligent Financial APP News, Kostech Technology (688788.SH) disclosed the buyback plan of the company's shares. The company plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The total amount of the buyback funds shall not be less than RMB 30 million (inclusive) and not more than RMB 50 million (inclusive), with a buyback price not exceeding RMB 80.00 per share (inclusive). The repurchased shares will be used for the company's equity incentive or employee stock ownership plan at a suitable future time, or for cancellation and reduction of the company's registered capital.