Gate.io, 12/19: STO Express announced that the company plans to repurchase its own shares through competitive Teklif Verme with its own funds and self-raised funds, with a total repurchase amount of no less than RMB 140 million and no more than RMB 250 million, and the repurchase price does not exceed RMB 15/share. Based on the calculation of the repurchase amount ceiling of RMB 250 million and the repurchase price ceiling of RMB 15/share, it is expected to repurchase no less than 16.6666 million shares, accounting for approximately 1.09% of the total share capital of the company; based on the calculation of the repurchase amount floor of RMB 140 million and the repurchase price ceiling of RMB 15/share, it is expected to repurchase no less than 9.3333 million shares, accounting for approximately 0.61% of the total share capital of the company. The repurchase period is within 12 months from the date of approval of the share repurchase plan by the company's board of directors. The repurchased shares are intended to be used for equity incentives or employee stock ownership plans.
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Shentong Express: Plans to repurchase shares of not more than 250 million yuan
Gate.io, 12/19: STO Express announced that the company plans to repurchase its own shares through competitive Teklif Verme with its own funds and self-raised funds, with a total repurchase amount of no less than RMB 140 million and no more than RMB 250 million, and the repurchase price does not exceed RMB 15/share. Based on the calculation of the repurchase amount ceiling of RMB 250 million and the repurchase price ceiling of RMB 15/share, it is expected to repurchase no less than 16.6666 million shares, accounting for approximately 1.09% of the total share capital of the company; based on the calculation of the repurchase amount floor of RMB 140 million and the repurchase price ceiling of RMB 15/share, it is expected to repurchase no less than 9.3333 million shares, accounting for approximately 0.61% of the total share capital of the company. The repurchase period is within 12 months from the date of approval of the share repurchase plan by the company's board of directors. The repurchased shares are intended to be used for equity incentives or employee stock ownership plans.