JAC Motors has officially declared its intention to conduct a share repurchase program, utilizing RMB 50 million to RMB 100 million of its internal capital. The repurchase will be executed at a price not exceeding RMB 64 per share. This strategic move is aimed at bolstering the company's market value and protecting the interests of its shareholders. Notably, all shares repurchased under this initiative will be subsequently cancelled.
