CSG Holding announces share repurchase plan

CSG Holding (SZSE:000012) announced a plan to repurchase some of its RMB common shares (A shares) and domestically listed foreign shares (B shares), aiming to bolster investor confidence and promote long-term stability. The company will use its own and self-raised funds, including bank loans, for the repurchase. The price for A shares will not exceed RMB 7.60 per share, while B shares will be capped at HKD 3.13 per share. The total amount for the A share repurchase is estimated between RMB 243 million and RMB 485 million, and for the B share repurchase, between HKD 50 million and HKD 100 million. A shares will be used for equity incentives or employee stock ownership plans, while B shares will be canceled. The repurchase period will be within twelve months from shareholder approval.