minibaccaratonline| Medici: The company plans to repurchase no more than 333,300 shares of the company
Medici issued a share buyback announcement on May 8.MinibaccaratonlineThe company plans to complete the share repurchase plan from May 8, 2024 to October 28, 2024.MinibaccaratonlineThe repurchase price does not exceed 60.00 yuan per share, and the total repurchase amount does not exceed RMB 20 million. If the full repurchase is calculated according to the upper limit of the total repurchase amount and the price limit of the repurchased shares, the number of shares that can be repurchased is expected to be no more than 333300 shares. The upper limit of the number of shares to be repurchased accounts for 0.25% of the company's total share capital. The specific number of repurchased shares shall be based on the number of shares actually repurchased at the expiration of the repurchase period or upon termination of the repurchase.
The announcement said that based on confidence in the future development of the company and recognition of the value of the company, in order to further establishMinibaccaratonlineImprove the company's long-term incentive mechanism, attract and retain talents, fully mobilize the enthusiasm and creativity of the company's employees, and enhance investors' confidence in the company's investment, closely combining the interests of the companyMinibaccaratonlineThe interests of shareholders and employees to promote the healthy and sustainable development of the company, combined with the company's operating situation and financial situation and other factors, the company intends to use its own funds to buy back some of the RMB common shares (A shares) issued by the company through the trading system of the Shanghai Stock Exchange, and to use the aforementioned repurchased shares in the company's equity incentive or employee stock ownership plan at an appropriate time in the future.
