The controlling shareholder of Sanhua Intelligent Control (02050) proposes to repurchase 200 million to 400 million yuan of A-shares

Zhitong Finance App News, Sanhua Intelligent Control (02050) announced that, based on confidence in future stable development and recognition of the company's value, in order to thank the company's management and core talents for their long-term contributions to the company, motivate them to work harder, climb the peak, and improve the long-term incentive mechanism, the controlling shareholder of the company, Sanhua Holding Group Co., Ltd., is now proposing that the company use its own funds to repurchase the company's A shares for subsequent equity incentive plans or employee stock ownership plans. Based on the company's recent stock price, the proponent proposed that the maximum repurchase price should not exceed RMB 60.00 per share, and the total repurchase amount should not be less than RMB 200 million or not more than RMB 400 million.