Tri-ring Group has released an official announcement detailing its intention to buy back company shares, with the total value of the repurchase set between 500 million and 1 billion RMB. The buyback price per share will not exceed 135 RMB. The shares repurchased under this initiative will be earmarked for equity incentive programs, employee stock ownership schemes, and to protect the company's value as well as the rights and interests of its shareholders. Notably, all shares repurchased specifically for the purpose of safeguarding the company's value and shareholders' rights and interests will be designated for future resale.
