Lomon Billions announces share repurchase plan up to CNY 100m
Lomon Billions Group announced a plan to repurchase its own shares, with a total repurchase amount ranging from CNY 50,000,000.00 to CNY 100,000,000.00. The repurchased shares will be used for equity incentives or employee stock ownership plans, at a price not exceeding CNY 24.82 per share. The repurchase period will be within 12 months from the date the board of directors approves the plan, using the company's own funds and a dedicated repurchase loan. The company estimates a repurchase of between 20,145,044 and 40,290,088 shares. China CITIC Bank's Jiaozuo branch will provide a loan commitment of up to CNY 90,000,000.00. The board of directors believes the repurchase will not significantly impact the company's operations, finances, or debt repayment ability, and will not change the company's control or listing status.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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