oasysnft| BOC Cashmere Industry: The company plans to repurchase no more than 20.83 million shares of the company

Bank of China Cashmere Industry (000982) issued a share buyback announcement on May 8th.OasysnftThe company plans to complete this share repurchase plan from May 8, 2024 to August 6, 2024, and the repurchase price does not exceed 1.Oasysnft.92 yuan per share, the total repurchase amount does not exceed RMB 4000OasysnftIf the full repurchase is made and calculated according to the upper limit of the total repurchase amount and the price of the repurchased shares, it is estimated that the number of shares that can be repurchased will not exceed 20.83 million, and the maximum number of shares to be repurchased shall account for 0.49% of the total share capital of the company. The specific number of repurchased shares shall be based on the number of shares actually repurchased at the expiration of the repurchase period or upon termination of the repurchase.

The announcement said that in view of the recent large fluctuations in the company's stock price, based on the confidence in the company's sustainable development in the future and the reasonable judgment of the company's long-term value, in order to effectively safeguard the interests of shareholders, enhance investor confidence and comprehensively consider the prospects of business development, the company's chairman, Mr. Li Xiangchun, suggested that the company should use its own funds to buy back some of the company's A-shares through centralized bidding. It is necessary to safeguard the value of the company and the rights and interests of shareholders.