Zhongtong Bus chairman proposes share repurchase plan

Zhongtong Bus Holding (SZSE:000957) announced that its Chairman, Wang Xingfu, proposed a plan to repurchase company shares on April 9, 2025. The proposed repurchase aims to safeguard the company's value and investor interests, while also establishing a long-term incentive mechanism for senior management and core employees. The company intends to repurchase A-shares through centralized bidding. The repurchased shares will be used for equity incentives or employee stock ownership plans. The total funds allocated for the repurchase will range from CNY 60 million to CNY 120 million, sourced from the company's own funds. The repurchase period will not exceed 12 months from the date the board approves the repurchase plan. The chairman intends to vote in favor of the repurchase proposal at the board meeting.