Kangxin New Materials announced that the company plans to use its own funds not less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive) to repurchase a portion of the company's issued Renminbi ordinary shares (A-shares) through the Shanghai Stock Exchange trading system in a centralized bidding transaction. The repurchased shares are intended to be used for employee stock ownership plans or stock-based incentives.
康欣新材：拟以1000万元-2000万元回购公司股份
Kangxin New Materials: plans to buy back company shares for 10-20 million yuan.
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