asperspoker| Yutong Optics (300790.SZ): It plans to spend 9 million to 18 million yuan to repurchase shares, and the total number of repurchase is expected to reach up to 900,000 shares

News summary

Yutong Optics plans to use 9 million to 18 million yuan to repurchase shares, and is expected to repurchase 450,000 to 900,000 shares, accounting for 0.00 of the total share capital.asperspoker.13% to 0.27%, the shares repurchased will be used for employee stock ownership plans or equity incentive plans.

Newsletter text

[Yutong Optics (300790.SZ) plans to spend 9 million yuan to buy back A shares] On May 15, Yutong Optics announced that the company plans to use its own funds to buy back some of the outstanding A shares through centralized bidding transactions. According to the announcement, the total amount of funds from this repurchase will be no less than 9 million yuan and no more than 18 million yuan. If the price of shares repurchased does not exceed 20.00 yuan per share, calculated based on the upper limit of the total repurchase funds, the total number of shares that can be repurchased is expected to be 900,000 shares, accounting for 0.27% of the company's current total share capital.asperspoker; If calculated based on the lower limit of the total repurchase funds, the total number of shares that can be repurchased is expected to be 450,000 shares, accounting for 0.13% of the company's current total share capital. The company will announce the specific repurchase status based on the number of shares on the actual repurchase completion date. It is worth noting that the implementation period of Yutong Optics 'share repurchase is within 3 months from the date when the board of directors reviewed and approved the repurchase plan. The company said that all shares purchased will be used for employee stock ownership plans or equity incentive plans. If the company fails to use the repurchased shares for the above-mentioned purposes within 36 months from the announcement of the completion of the repurchase, the unused repurchased shares will be cancelled. Market analysts believe that Yutong Optics 'repurchase plan shows the company's confidence in its long-term development and also helps boost market confidence in the company. However, the actual impact of the repurchase plan on the company's share price will still depend on subsequent implementation. Investors need to pay close attention to Yutong Optics 'subsequent announcements to obtain the latest news on the implementation progress of the repurchase plan. At the same time, investors should also pay attention to various factors such as the company's financial status, business development and market environment in order to make rational investment decisions.