LINGSTEEL: Plans to repurchase shares for 50 million to 100 million yuan

LINGSTEEL announced in the evening that the company plans to repurchase shares with funds not less than 50 million yuan and not exceeding 100 million yuan, with a repurchase price not exceeding 2.55 yuan per share. The repurchased shares will be used entirely for equity incentives and other purposes permitted by laws and regulations, with an estimated repurchase quantity of 19.6078 million shares to 39.2156 million shares, accounting for 0.69% to 1.37% of the company's total share capital. The repurchase period will not exceed 12 months after the board of directors' approval, and the funding source will be the company's own funds and special loans for stock repurchase