Wens Shares: Plans to repurchase 800 million to 1.2 billion yuan of company shares for employee stock ownership plans or equity incentives

On February 25, Wen’s Shares (300498.SZ) announced that the company plans to repurchase its shares using self-owned funds or special loan funds totaling no more than 1.2 billion yuan and no less than 800 million yuan. The shares will be used for employee stock ownership plans or equity incentives. The repurchase price will not exceed 24 yuan per share. The repurchase period will be no more than 12 months from the date of board approval.

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