JingPinTeZhuang's actual controller Chen Bo proposed to spend 8 million to 12 million yuan to implement a buyback
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According to the Zhitong Finance APP, JingPinTeZhuang announced that the company's actual controller and chairman, Mr. Chen Bo, suggested that the company use part of the oversubscribed funds to implement a share repurchase through centralized bidding. The repurchased shares will be fully used for the employee stock ownership plan or equity incentive plan at an appropriate time in the future. The total amount of repurchase funds will not be less than RMB 8 million and not exceed RMB 12 million; the repurchase period will be within 12 months from the date the company's board of directors approves this share repurchase plan
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