Ningde Times announced that it plans to use its own or self-raised funds to repurchase some of the company's A shares through centralized bidding transactions. The total repurchase capital is not less than 20 billion yuan and no more than 40 billion yuan. The maximum repurchase price is 573 yuan/share. Assuming an upper limit of 40 billion yuan and a price cap of 573 yuan/share, it is estimated that about 69.808 million shares will be repurchased, accounting for 1.51% of the company's total share capital; based on the lower limit of 20 billion yuan, it is estimated that about 34.904 million shares will be repurchased, accounting for 0.75%. The shares repurchased will be used to cancel and reduce the registered capital. The repurchase period is within 12 months from the date of review and approval by the shareholders' meeting. The repurchase plan still needs to be submitted to the shareholders' meeting for consideration.

Ningde Times announced that it plans to use its own or self-raised funds to repurchase some of the company's A shares through centralized bidding transactions. The total repurchase capital is not less than 20 billion yuan and no more than 40 billion yuan. The maximum repurchase price is 573 yuan/share. Assuming an upper limit of 40 billion yuan and a price cap of 573 yuan/share, it is estimated that about 69.808 million shares will be repurchased, accounting for 1.51% of the company's total share capital; based on the lower limit of 20 billion yuan, it is estimated that about 34.904 million shares will be repurchased, accounting for 0.75%. The shares repurchased will be used to cancel and reduce the registered capital. The repurchase period is within 12 months from the date of review and approval by the shareholders' meeting. The repurchase plan still needs to be submitted to the shareholders' meeting for consideration.