Orient Securities announces A-share repurchase plan

Orient Securities Co., Ltd. (SSE:600958) announced its plan to repurchase the company's A-shares through centralized bidding transactions. The repurchase will use the company's own funds, with a total amount between CNY 250 million and CNY 500 million. The purpose of the repurchase is to maintain the company's value and protect shareholders' equity. The repurchase price will not exceed CNY 13.5 per share. The repurchase period will not exceed three months from the date of the board of directors' approval. The company stated that the repurchase will not have a material adverse impact on its daily operations, finances, research and development, profitability, debt repayment ability, or future development.