Acrel: Plans to use RMB 80 million to RMB 150 million to repurchase shares

Acrel announced that the company plans to use its own funds to repurchase a portion of its ordinary A-shares through centralized bidding. The total amount for the repurchase will not be less than 80 million yuan and not exceed 150 million yuan, with a repurchase price not exceeding 30 yuan per share. Assuming the upper limit of the repurchase fund is 150 million yuan and the upper limit of the repurchase price is 30 yuan per share, the estimated number of shares to be repurchased is 5 million shares, accounting for approximately 1.99% of the company's current total share capital; assuming the lower limit of the repurchase fund is 80 million yuan and the upper limit of the repurchase price is 30 yuan per share, the estimated number of shares to be repurchased is 2.6667 million shares, accounting for approximately 1.06% of the company's current total share capital. The shares repurchased will be used for implementing the equity incentive plan or employee stock ownership plan