Jinli Permanent Magnet (06680) plans to repurchase 100 million to 200 million yuan worth of A-shares.

The Zhixin Finance APP announced that Jinli Permanent Magnet (06680) disclosed that, based on confidence in the company's future development prospects and recognition of the company's value, in order to safeguard the interests of investors, enhance investor confidence, and promote the reasonable return of the company's stock price to intrinsic value, taking into account the company's operating situation, financial condition, and development strategy, the company plans to use its own funds or self-raised funds (such as stock buyback special loans) to repurchase a portion of the company's A-share public shares through centralized competitive trading. The repurchased shares will be used for cancellation and reduction of registered capital.