Jiangling Motors made an announcement on the evening of April 13, revealing its intention to repurchase A-shares through centralized bidding. The company has allocated a total fund of 150-200 million yuan for this purpose, with a ceiling price of 22.00 yuan per share. The repurchase period will span 12 months following the approval of the board of directors. The repurchased shares are earmarked for the implementation of employee stock ownership plans or equity incentives. Should the allocated funds not be fully utilized within 36 months, the unused portion will be subsequently cancelled.
