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Sungrow Power plans share buyback for employee incentives

April 12, 2025 at 05:04 AM UTCBy FilingReader AI

Sungrow Power (SZSE:300274) announced its intention to buy back company shares, according to a filing released today. The decision, approved at a board meeting on April 9, 2025, will see the company repurchase shares using its own or self-raised funds. The total repurchase amount will range from CNY300 million to CNY600 million. The repurchase price will not exceed CNY100.00 per share. The exact number of shares repurchased will depend on market conditions during the buyback period, which will last for 12 months following board approval. The company intends to use the repurchased shares for future employee stock ownership or equity incentive plans. The announcement also included a list of the top ten shareholders and the top ten unrestricted shareholders as of April 8, 2024. Notably, Cao Renxian is the largest shareholder with 30.46% of all shares. The company also stated that it has a dedicated buyback account with 20,859,760 shares.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:300274Shenzhen Stock Exchange
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