ST Juewei plans RMB100M-200M share buyback

English summary

ST Juewei (603517.SH) announced a share buyback of no less than RMB 100 million and no more than RMB 200 million at a price no higher than RMB 15.72 per share, funded by its own or self-raised funds, for employee stock ownership plans or equity incentives, within 12 months after shareholder approval. The buyback generally signals confidence and supports the share price.