Kangda New Materials: plans to repurchase company shares of not less than 20 million yuan and not more than 40 million yuan_Oriental Fortune Network

　　Kangda New Materials(SZ 002669, closing price: 12.75 yuan) released on the evening of March 14announcementto say, torepoPurpose of shares, quantity, total funds, repurchase period, repurchase price or price rangeKangda New MaterialsMaterials (Group) Co., Ltd. plans to use its own funds to repurchase some of the company’s public shares issued by the company from the secondary market at a price not exceeding RMB 20 per share (inclusive) by means of centralized bidding transactions. Employee stock ownership plans or equity incentives will be implemented later. The total amount to be repurchased this time shall not be less than 20 million yuan (inclusive) and not higher than 40 million yuan (inclusive), the number of shares to be repurchased shall not exceed 10% of the total issued shares of the company, and the repurchase price shall not exceed RMB 20 yuan/share (inclusive), the specific repurchase amount is subject to the actual number of shares repurchased when the repurchase period expires. The implementation period for the repurchase of shares is within 12 months from the date when the board of directors of the company considers and approves the repurchase plan.

　　Kangda New MaterialsThe general manager of the company is Yao Qisheng, male, 48 years old, with a bachelor’s degree.

(Article source: Daily Economic News)

Article source: Daily Economic News

Responsible editor: 92

Original title: Kangda New Materials: plans to repurchase company shares of not less than 20 million yuan and not more than 40 million yuan