TGOOD Chairman Proposes RMB 300-600 Million Share Buyback for Incentive Plans
TGOOD Electric Co. , Ltd. actual controller and chairman Yu Dexiang proposed a share buyback of between RMB 300 million and RMB 600 million using the company's own or self-raised funds. The repurchased shares will be used for equity incentives or an employee stock ownership plan. The buyback price will not exceed 150% of the average trading price in the 30 trading days before the board resolution.
TGOOD Electric Co. , Ltd. actual controller and chairman Yu Dexiang proposed that the company use its own or self-raised funds to repurchase company shares through the Shenzhen Stock Exchange trading system via centralized competitive bidding. The total repurchase amount shall be no less than RMB 300 million and no more than RMB 600 million. The repurchased shares will be used for equity incentives or an employee stock ownership plan. The upper limit of the repurchase price shall not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board resolution approving the share repurchase plan.
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