Shenma Power (603530.SH) plans to repurchase company shares worth 300 million to 400 million yuan.

Chinatou Financial News APP learned that Shenma Electric Power (603530.SH) announced that the company plans to repurchase a portion of its publicly traded shares using its own funds or self-raised funds (including funds from stock repurchase specific loans) for the purpose of company equity incentives and/or employee stock ownership plans. The amount of repurchased shares shall not be less than RMB 300 million, not more than RMB 400 million, and the repurchase price shall not exceed RMB 38 per share.