C&S Paper ups share repurchase plan

C&S Paper announced it is increasing the planned repurchase of its shares to a range of between CNY 11,000,000 and CNY 16,000,000, up from the previous range of CNY 3,000,000 to CNY 6,000,000. The company intends to use the repurchased shares for future employee stock ownership or equity incentive plans. As of the announcement date, C&S Paper had already repurchased 8,184,600 shares, representing 0.63% of the company's total share capital, at an average price of CNY 6.85 per share. The repurchase plan will remain in effect until April 1, 2026.