Wangfujing (600859) announced a share repurchase announcement on May 21avetsx53.1The company plans to complete this company's share repurchase plan from May 21, 2024 to May 16, 2025, and the repurchase price will not exceed 17avetsx53.1. 50 yuan/share, and the total repurchase amount shall not exceed RMB 200.000 million. If the repurchase is in full and calculated based on the upper limit of the total repurchase amount and the upper limit of the repurchase share price, it is estimated that the number of shares that can be repurchased will not exceed 11.4286 million shares. The maximum number of shares to be repurchased will account for 1.00% of the company's total share capital. The specific number of shares to be repurchased shall be based on the actual number of shares repurchased when the repurchase expires or the repurchase is terminated.
The announcement stated that based on its firm confidence in future development prospects and high recognition of the company's long-term value, in order to safeguard the company's value and the interests of investors, enhance investor confidence, comprehensively consider the current operating conditions, financial conditions, future profitability, etc. Factors, it plans to repurchase the company's issued RMB ordinary shares (A shares) through centralized bidding transactions, and all the repurchased shares will be used to reduce the company's registered capital.
