Zhitong Finance App News, Xinhuadu (002264.SZ) announced that the company plans to use its own funds to repurchase RMB common shares (A shares) issued by the company through centralized bidding transactions to implement employee stock ownership plans or equity incentives. The number of shares repurchased ranges from 7 million shares to 14 million shares, accounting for 1% to 2% of the company's total issued share capital. The maximum share repurchase price is 7.80 yuan/share. The implementation period for repurchasing shares is within 12 months from the date the company's board of directors reviews and approves the share repurchase plan.