Xingsen Technology Plans Share Buyback of RMB 60-100 Million for Equity Incentives

English summary

Xingsen Technology (002436.SZ) announced a plan to repurchase shares via centralized bidding, with total funds no less than RMB 60 million and no more than RMB 100 million, at a price no higher than RMB 42 per share, representing approximately 1.4286 to 2.3810 million shares (0.08%-0.14% of total share capital) within 12 months, for future equity incentives or employee stock ownership plans. This may provide some support to the stock price.