Sunshine Power announced on the evening of August 23 that the board of directors of the company received a letter from Mr. Cao Renxian, chairman and President of the company, on the proposal of Sunshine Power Co., Ltd. to repurchase the company's shares. Mr.
Cao Renxian proposed that the Company repurchase part of the RMB ordinary shares (a shares) issued by the Company with its own funds by way of centralized competitive trading through the trading system of the Shenzhen Stock Exchange. The redemption price shall not be higher than 150% of the average trading price of the Company's shares for the 30 trading days prior to the approval of the repurchase resolution by the board of directors of the Company; the total amount of repurchase capital shall not be less than RMB500 million (inclusive) and shall not exceed RMB1 billion (inclusive).
The repurchased shares will be used for equity incentives or employee stock ownership plans, and will be cancelled in accordance with relevant regulations if they are not used.
As of press release, the market value of Sunshine Power is 147.372 billion yuan.
浙公网安备33010802003254号