Gelonghui February 7 | Honghui New Materials (002802.SZ) announced that the company plans to use its own funds to repurchase the company's shares through centralized bidding transactions. The repurchase of shares will be used to implement equity incentives or employee stock ownership plans. The total capital of the repurchased shares is not less than RMB 30 million (inclusive), and not more than RMB 60 million (inclusive). The specific number of shares repurchased is based on the actual number of shares repurchased at the end of the repurchase period; based on the condition that the repurchased shares do not exceed RMB 12.00 yuan/share (inclusive), the upper and lower limit of the number of shares repurchased is 2.5 million shares to 5 million shares; the upper and lower limit of the share ratio of the company's total share capital is 1.3714% to 2.7427%. The implementation period for this share repurchase shall not exceed 6 months from the date the board of directors of the company deliberates and approves the share repurchase plan.