3, Conch Cement disclosed that the company intends to use its own funds to buy back a shares of the company with no less than 400 million yuan (including) and no more than 600 million yuan (including). The repurchase price shall not exceed 32.3 yuan per share (inclusive). The repurchase period shall not exceed three months from the date of approval of the repurchase plan by the board of directors. The repurchased shares are used to safeguard the value of the company and the rights and interests of shareholders.
Specifically, according to the lower limit of the repurchase amount of 400 million yuan and the upper limit of the repurchase price of 32.3 yuan per share, the number of repurchases is about 12.3839 million shares, accounting for 0.23% of the company's total share capital as of the date of this announcement; According to the upper limit of the repurchase amount of 600 million yuan and the upper limit of the repurchase price of 32.3 yuan per share, the number of repurchases is about 18.5758 million shares, accounting for 0.35% of the company's total share capital as of the date of this announcement.
The announcement shows that the repurchase of a shares is to safeguard the company's value and shareholders'rights and interests, promote the company's healthy and sustainable development, based on confidence in the company's future development prospects and recognition of the company's stock value.
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