SUPCON: Plans to repurchase shares worth 500 million to 1 billion yuan for incentive plans

SUPCON announced that the company plans to repurchase shares through centralized bidding, with a total funding amount of no less than 500 million yuan and no more than 1 billion yuan, and the repurchase price not exceeding 68.81 yuan per share. The number of shares to be repurchased is approximately 7.2664-14.5328 million shares, accounting for 0.92%-1.84% of the total share capital, for the purpose of equity incentives and/or employee stock ownership plans, to be transferred within 3 years, otherwise to be canceled. The repurchase period is within 12 months from the date the board of directors approves the plan. As of the announcement date, the controlling shareholder and others have no plans to reduce their holdings in the next 3 months or 6 months. This repurchase is expected not to affect the company's operations and listing status, but there are risks related to implementation, granting, and regulation