Sichuan Changhong announces share repurchase plan

Sichuan Changhong Electric Co., Ltd. (SSE:600839) announced a plan to repurchase company shares via centralized bidding, allocating between CNY 250 million and CNY 500 million. The funds will come from the company's own capital and/or self-raised funds, and the repurchased shares will be used for equity incentives. The repurchase price will not exceed CNY 14 per share, and the repurchase period will span 12 months from the date of shareholder approval. The company's controlling shareholders, actual controllers, and other key stakeholders have no immediate plans to reduce their holdings. The plan is subject to shareholder approval, and the company will disclose further details as the repurchase progresses.