Laobaixing Plans RMB 40-80 Million Share Buyback for Employee Stock Plan
Laobaixing announced on August 10, 2026 that it will repurchase company shares worth between RMB 40 million and RMB 80 million for its employee stock ownership plan, at a price not exceeding RMB 18.08 per share. Any shares not allocated to the plan within 36 months of the buyback's completion will be cancelled through formal procedures.
Laobaixing announced on August 10, 2026 that it plans to repurchase company shares worth between RMB 40 million and RMB 80 million for use in its employee stock ownership plan. If the repurchased shares are not used for the stated purpose within 36 months after completion of the buyback, or if not all of the repurchased shares are used for that purpose, the unused portion will be cancelled through the relevant procedures. The buyback price will not exceed RMB 18.08 per share.