China National Building Material Plans to Buy Back Shares Worth 150 Million to 250 Million Yuan

China National Building Material announced that the company plans to repurchase shares through centralized bidding, with a repurchase amount ranging from 150 million to 250 million yuan. The maximum repurchase price will not exceed 49.15 yuan per share, and it is expected to repurchase between 3.0519 million and 5.0865 million shares, accounting for 0.08% to 0.13% of the total share capital. The repurchased shares will be used to maintain the company's value and protect shareholders' rights, and will be fully canceled and the registered capital reduced thereafter. The repurchase period is within three months from the date the shareholders' meeting approves this repurchase plan. This repurchase plan is subject to approval by the shareholders' meeting, and there is a risk that it may not be approved or implemented smoothly.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.