Haige Communications announces share repurchase plan

Guangzhou Haige Communications Group Incorporated Company (SZSE:002465) has announced a plan to repurchase its A-shares, intending to use them for employee stock ownership or equity incentive programs. The repurchase will involve a total amount ranging from CNY 200 million to CNY 400 million, with a price not exceeding CNY 17.60 per share. The company plans to use its own funds and a special repurchase loan, already secured with a CNY 36,000 million loan commitment from the Industrial and Commercial Bank of China.