Three Squirrels: Plans to repurchase company shares for 100 million to 200 million yuan, with estimated repurchase quantity of 3.0922 million to 6.1842 million shares

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On March 24, Sanji Songshu announced that the company plans to use its own funds to repurchase some of its publicly traded shares through centralized bidding. The repurchased shares will be used for equity incentives or employee stock ownership plans, as well as to maintain the company’s value and shareholders’ interests (shares repurchased for maintaining company value and shareholders’ interests will be fully sold).

The total amount of funds allocated for the repurchase will not be less than 100 million yuan and not more than 200 million yuan. Based on a maximum repurchase price of 32.34 yuan per share, it is estimated that the number of shares to be repurchased will be between 3,092,200 and 6,184,200, accounting for approximately 0.7698% to 1.5396% of the company’s total share capital. The actual number of shares repurchased will be based on the final count at the end of the repurchase period.

(Company Announcement)

(Edited by: Wang Can, Lin Chen)

Keywords: Food Sanji Songshu

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