On June 25th, Gelunhui reported that Kangxin New Materials (600076.SH) received a letter from the Chairman Shao Jiandong proposing that the company use its own funds to repurchase a portion of its RMB ordinary shares (A shares) through centralized competitive trading. The total amount of repurchased shares shall not be less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive). The repurchased shares will be used for implementing employee shareholding plans or stock-based incentives in the future.
康欣新材(600076.SH)：董事长邵建东提议1000万元-2000万元回购股份
Kangxin New Materials (600076.SH): Chairman Shao Jiandong proposes to buy back shares for 10-20 million yuan.
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