Changchun High-Tech Group repurchases RMB 400m in shares

Changchun High & New Technology Industry Group has repurchased 3.9 million shares worth RMB 400 million as of July 31, representing 0.95% of total share capital.

The shares were bought at prices ranging from RMB 84.00 to RMB 112.25 each through centralized bidding. The company plans to use the repurchased shares for future equity incentives or employee stock ownership plans.

The board-approved program targets RMB 300-500 million in total repurchases at a maximum price of RMB 160.00 per share.