Chunli Medical (01858.HK) announced that it will repurchase A shares worth between RMB 20 million and RMB 40 million through the Shanghai Stock Exchange trading system with centralized auction trading method. The repurchase will be made at a price not exceeding RMB 28.56 per share, using the company's own funds.
The company estimates that the amount of repurchase in this plan is about 700,200 to 1,400,400 shares, accounting for 0.18% to 0.37% of the current total share capital. The repurchased shares will be used for employee shareholding plans or stock-based incentive plans.