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Sangfor: Announcement Regarding the Share Repurchase Plan
Securities Daily Online News: On April 7th, Sangfor Technologies announced that the company plans to use its own funds to repurchase some of its publicly held shares through centralized bidding transactions, for the purpose of implementing employee stock ownership plans or equity incentive plans.
The total repurchase amount will not be less than 80 million yuan and not more than 90 million yuan, with a repurchase price not exceeding 120 yuan per share.
The implementation period for this share repurchase is within 12 months from the date the board of directors approves the repurchase plan.
(Edited by Cong Kexin)