C&S Paper announces share repurchase plan

C&S Paper (SZSE:002511) announced its plan to repurchase shares using its own funds, intending to use them for future employee stock ownership or equity incentive programs. The total repurchase amount will range from CNY 30 million to CNY 60 million. The repurchase price will not exceed CNY 9.77 per share. Based on this price range, the company expects to repurchase between 3,070,625 and 6,141,248 shares, representing approximately 0.24% to 0.48% of the company's current total share capital. The repurchase period will run for 12 months, from April 2, 2025, to April 1, 2026. The company has stated that the repurchase will not significantly impact its operations, financial position, or future development. The board of directors has confirmed that the repurchase will not harm the company's ability to meet its debt obligations or its continued operations.