Gelonghui, Feb. 28 | Bofei Electric (001255.SZ) announced that the company plans to repurchase shares for equity incentives or employee stock ownership plans; the total proposed repurchase capital shall not be less than RMB 30 million (inclusive) and not more than RMB 60 million (inclusive); the proposed repurchase price shall not exceed RMB 35 yuan/share (inclusive); based on the maximum amount of capital to be used for the repurchase and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 17142.85 million shares, accounting for approximately 2.1429% of the head office's share capital; The minimum amount of capital According to the maximum repurchase price estimate, the estimated number of shares to be repurchased is about 8571.43 million shares, accounting for about 1.0714% of the company's total share capital. The implementation period is 12 months from the date the board of directors reviews and approves this repurchase plan.