Sangfor: Plans to repurchase no less than 80 million yuan and no more than 90 million yuan of the company's shares

National Business Daily AI Express, Sangfor Technologies (SZ 300454, closing price: 95.89 yuan) announced on the evening of April 7 that this share repurchase will be conducted through the Shenzhen Stock Exchange’s stock trading system via centralized bidding. The shares repurchased will be used to implement employee stock ownership plans or equity incentive plans. The funds for this repurchase will come from the company’s own funds, with the total repurchase amount not less than 80 million RMB (inclusive) and not more than 90 million RMB (inclusive). The maximum price for this share repurchase will not exceed 150% of the average trading price of the company’s stock during the thirty trading days prior to the board of directors’ resolution approving the repurchase plan. The implementation period for this share repurchase is within 12 months from the date the company’s board of directors approves this repurchase plan.

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(Reporter Wang Xiaobo)

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