ezbaccarat| Langbo Technology: The company plans to repurchase no more than 432,400 shares of the company
Longbo Technology (603655) issued a share buyback announcement on May 14.EzbaccaratThe company plans to complete this share repurchase plan from May 14, 2024 to August 13, 2024, and the repurchase price does not exceed 18.Ezbaccarat50 yuan per share, the total repurchase amount shall not exceed RMB 8 million yuan. If the full repurchase amount is calculated according to the upper limit of the total repurchase amount and the repurchase share price limit, the number of shares that can be repurchased is expected to be no more than 432400 shares, the maximum number of shares to be repurchased shall account for 0.41% of the total share capital of the company, and the specific number of repurchased shares shall be subject to the actual number of shares repurchased at the expiration or termination of the repurchase period.
The announcement said that based on the confidence in the company's sustained and stable development in the future and the recognition of the company's value, in order to effectively protect the interests of all shareholders, enhance the confidence of public investors in the company, and promote the reasonable return of the company's stock value, at the same time, we will further improve the company's long-term incentive mechanism, effectively combine the interests of shareholders, the company's interests and core team interests, and promote the company's long-term development. Combined with the company's operating situation and financial situation and other factors, Mr. Wang Shuguang, chairman of the board, suggested that the company should buy back the company's shares with its own funds and use them for employee stock ownership plans or equity incentives at an appropriate time in the future.
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