---
title: "CNNC TD: Plans to repurchase shares for 300 million to 500 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232392521.md"
description: "CNNC TD announced that the company plans to repurchase shares with funds ranging from 300 million to 500 million yuan, with a repurchase price not exceeding 6 yuan per share. The repurchased shares will be used entirely for implementing the employee stock ownership plan or equity incentives, with an expected repurchase quantity of no less than 50 million shares and no more than 83.33 million shares, accounting for 1.29% to 2.15% of the company's total share capital. The repurchase period is within 12 months from the date of approval by the board of directors. The company has opened a special securities account for repurchase at the Shenzhen branch of China Securities Depository and Clearing Corporation Limited and will implement the repurchase at an opportune time based on market conditions"
datetime: "2025-03-19T10:21:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232392521.md)
  - [en](https://longbridge.com/en/news/232392521.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232392521.md)
generator: "portal-rs"
---

# CNNC TD: Plans to repurchase shares for 300 million to 500 million yuan

According to Jinshi Data on March 19, CNNC TD announced that the company plans to repurchase shares with funds ranging from 300 million to 500 million yuan, with a repurchase price not exceeding 6 yuan per share. The repurchased shares will be used entirely for implementing the employee stock ownership plan or equity incentives, with an expected repurchase quantity of no less than 50 million shares and no more than 83.33 million shares, accounting for 1.29% to 2.15% of the company's total share capital. The repurchase period is within 12 months from the date of the board of directors' approval. The company has opened a special securities account for repurchase at the Shenzhen branch of China Securities Depository and Clearing Corporation Limited and will implement the repurchase at an opportune time based on market conditions

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**