China Micro Corporation (688012.SH) plans to repurchase the company's shares for 400 million yuan to 500 million yuan

Zhitong Finance App News, China Micro (688012.SH) announced that the company plans to use the overraised capital obtained from the company's initial public offering of RMB common shares and the company's own funds to repurchase some of the company's issued RMB common shares (A shares) through centralized bidding transactions. The repurchased shares are intended to be used for the company's share incentives or employee stock ownership plans at an appropriate time in the future. The share repurchase amount is not less than 400 million yuan (inclusive) and no more than 500 million yuan (inclusive). The share repurchase price does not exceed 433.04 yuan/share (inclusive).