---
title: "FAVORED: Has repurchased 4.6583 million shares, using a total amount of 50.2026 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239072681.md"
description: "FAVORED held a board meeting on August 5, 2024, approving the repurchase of shares through centralized bidding, with a total repurchase fund of no less than 50 million yuan and no more than 100 million yuan, and a repurchase price not exceeding 14.22 yuan/share. The repurchase period is within 12 months. As of April 30, 2025, the company has repurchased 4.6583 million shares, accounting for 1.39% of the total share capital, with a cumulative fund usage of 50.2026 million yuan, and the repurchase price range is from 8.61 yuan/share to 17.73 yuan/share"
datetime: "2025-05-07T08:42:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239072681.md)
  - [en](https://longbridge.com/en/news/239072681.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239072681.md)
---

# FAVORED: Has repurchased 4.6583 million shares, using a total amount of 50.2026 million yuan

On May 7th, FAVORED announced that the company will hold the sixth meeting of the second board of directors on August 5, 2024, to review and approve the proposal on the second phase of the share repurchase plan through centralized bidding. The company agrees to repurchase its shares through centralized bidding, with a total repurchase amount not less than 50 million yuan and not exceeding 100 million yuan; the repurchase price will not exceed 14.22 yuan/share; the repurchased shares will be used entirely for the employee stock ownership plan or equity incentives at an appropriate time in the future. The repurchase period is within 12 months from the date the board of directors approves the repurchase plan. As of April 30, 2025, the company has cumulatively repurchased 4.6583 million shares, accounting for 1.39% of the company's total share capital, with a repurchase price range of 8.61 yuan/share to 17.73 yuan/share, and a total of 50.2026 million yuan used

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