---
title: "ZJJF plans to repurchase shares worth 20 million to 40 million yuan for incentives"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258036114.md"
description: "The board of directors of ZJJF has approved a share repurchase plan, intending to repurchase shares for between 20 million and 40 million yuan, with a repurchase price not exceeding 12.42 yuan per share, primarily for employee stock ownership plans or equity incentives. It is expected to repurchase between 1.6103 million and 3.2206 million shares, accounting for 0.39%-0.78% of the total share capital. The implementation period is 12 months, and the repurchase will not have a significant impact on the company's operations and finances, but there are risks of the stock price exceeding the range and funds not being in place"
datetime: "2025-09-19T07:45:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258036114.md)
  - [en](https://longbridge.com/en/news/258036114.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258036114.md)
---

# ZJJF plans to repurchase shares worth 20 million to 40 million yuan for incentives

On April 18, 2025, the board of directors of HiPhi approved a share repurchase plan, intending to repurchase shares through centralized bidding transactions, with funds of 20 million to 40 million yuan and a repurchase price not exceeding 12.42 yuan per share, for the employee stock ownership plan or equity incentive. The implementation period is 12 months from the date of the resolution, with an expected repurchase of 1.6103 million to 3.2206 million shares, accounting for 0.39% to 0.78% of the total share capital. This repurchase will not have a significant impact on the company's operations, finances, or affect its listing status and control. However, the plan carries risks of being unable to implement or needing to adjust terms due to stock prices exceeding the range or funds not being in place. The company has opened a dedicated repurchase account and received a loan commitment of 36 million yuan from China Merchants Bank

### Related Stocks

- [600668.CN](https://longbridge.com/en/quote/600668.CN.md)

## Related News & Research

- [Zhejiang Medicine to Spin Off Subsidiary for Hong Kong Listing; Shares Down 4%](https://longbridge.com/en/news/282478660.md)
- [I'm downgrading this semiconductor stock](https://longbridge.com/en/news/282754878.md)
- [Keppel and Midea to collaborate on AI-enabled modular cooling solutions opportunities](https://longbridge.com/en/news/282548556.md)
- [Bengal SIR: Logical discrepancy not recognised term under EC, says Mamata](https://longbridge.com/en/news/282657696.md)
- [BJP govt will end TMC's 'syndicate raj' in Bengal if voted to power: Shah](https://longbridge.com/en/news/282410474.md)