Glodon announces share repurchase and equity incentive plan

Glodon (SZSE:002410) announced its plan to repurchase shares for an equity incentive or employee stock ownership plan, signaling confidence in its long-term value. The repurchase plan, approved by the board, involves repurchasing between 5 million and 10 million shares, representing 0.30% to 0.61% of the company's total share capital, at a price not exceeding CNY 21 per share. The maximum amount allocated for the repurchase is CNY 210 million, funded from Glodon's own capital or self-raised funds.