Maxio Technology: Chairman and Actual Controller Proposes RMB 25-50 Million Share Buyback
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Author:小编   

Maxio Technology announced that Fang Xiaoling, the company's actual controller and chairman, has proposed repurchasing part of its A-shares through centralized bidding to fund employee equity incentives or shareholding plans. The total repurchase amount shall be no less than RMB 25 million and no more than RMB 50 million, with the repurchase price not exceeding 150% of the average trading price over the 30 trading days preceding the board's resolution approving the repurchase plan. The specific terms shall be subject to the repurchase plan approved by the board of directors.