IKD announces share repurchase plan with CNY 200m upper limit

IKD (SSE:600933) announced a share repurchase program with a total amount ranging from CNY 100 million to CNY 200 million, funded by the company's own capital and a dedicated repurchase loan. The repurchase price is capped at CNY 23.87 per share and will be executed through centralized bidding on the Shanghai Stock Exchange within 12 months of the board's approval on June 18, 2025. The repurchased shares will be used for future employee stock ownership plans or equity incentives and will be transferred within three years, or else be cancelled. As of March 31, 2025, IKD's total assets stood at CNY 1,492,182.57, and net assets attributable to shareholders were CNY 851,336.29.