ZTE has released an official announcement, revealing its intention to utilize its proprietary funds for repurchasing A-shares through centralized bidding transactions. This strategic move is aimed at facilitating employee stock ownership plans or providing equity incentives. The repurchase initiative is set to involve a financial outlay of not less than 1 billion yuan and not exceeding 1.2 billion yuan. Based on calculations, assuming the maximum repurchase amount of 1.2 billion yuan and the highest A-share price of 63.09 yuan per share, it is projected that around 19.0204 million shares will be bought back. This quantity represents roughly 0.40% of the company's total issued share capital.
