Xinhua Department Store: Plans to repurchase shares for RMB 200 million to RMB 400 million

English summary

Xinhua Department Store (600785.SH) announced a plan to repurchase shares through centralized bidding using its own funds or self-raised funds, with an amount of no less than RMB 200 million and no more than RMB 400 million, at a price not exceeding RMB 12.78 per share. The repurchased shares will be used for employee equity incentives or employee stock ownership plans; any unused portion will be cancelled if not used within 36 months. The buyback period is 12 months from the board's approval.