Femiao Technology (688350.SH) plans to buy back the company's shares for 20 million yuan to 40 million yuan

Zhitong Finance App News, Femiao Technology (688350.SH) announced that the company plans to use its own funds and/or self-raised funds to repurchase some shares through centralized bidding transactions. The total repurchase capital is not less than 20 million yuan (inclusive), and no more than 40 million yuan (inclusive). The share repurchase price does not exceed 48.24 yuan/share (inclusive). The shares repurchased are used to protect the company's value and shareholders' rights, employee stock ownership plans, or equity incentives. Among them, the repurchase amount for employee stock ownership plans or equity incentives is not less than 10 million yuan (inclusive) and no more than 20 million yuan (inclusive); the repurchase amount used to maintain the company's value and shareholders' rights is not less than 10 million yuan (inclusive), and no more than 20 million yuan (inclusive).