ZTE (000063.SZ) plans to repurchase A-shares for 1 billion yuan to 1.2 billion yuan

Zhitong Finance App News, ZTE (000063.SZ) announced that the company plans to use its own funds to repurchase the company's A shares through centralized bidding transactions to implement shareholding plans or equity incentives for the company's employees. The total capital of this repurchase is not less than RMB 1 billion and no more than RMB 1.2 billion (all inclusive). According to estimates of the maximum repurchase capital of RMB 1.2 billion and the maximum repurchase price of A-shares of RMB 63.09 per share, the number of shares repurchased by the company is approximately 19.044 million shares, accounting for about 0.40% of the company's current total share capital.