The controlling shareholder of Aerospace Huanyu (688523.SH) proposed to buy back the company's shares for 20 million yuan to 40 million yuan

Zhitong Finance App News, Aerospace Huanyu (688523.SH) announced that Li Wanxiao, the controlling shareholder, one of the company's actual controllers, chairman and general manager, proposed that the company use the initial public offering of RMB common shares to buy back some of the company's issued RMB common shares (A shares) through the Shanghai Stock Exchange trading system through centralized bidding transactions. The shares repurchased are intended to be used for employee stock ownership plans or equity incentives, or to reduce registered capital, or to protect the company's value and shareholders' rights. The total repurchase capital is not less than 20 million yuan (inclusive) and no more than 40 million yuan (inclusive).