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Contemporary Amperex Technology Co. Limited (CATL) has announced its intention to utilize either its own capital or funds raised from other sources to buy back A-shares through centralized bidding transactions. The total amount earmarked for this share repurchase initiative ranges from 20 billion yuan to 40 billion yuan, with the maximum price per share set at 573 yuan. These repurchased shares are earmarked for cancellation, a strategic move aimed at reducing the company's registered capital. The entire repurchase process is expected to be completed within a 12-month timeframe, starting from the date of approval by the shareholders' meeting, aligning with standard corporate governance practices and ensuring transparency and shareholder interests.
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