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Quzhou Development: The controlling shareholder proposes to repurchase company shares with 100 million to 200 million yuan
Quzhou Development Announcement: The company’s controlling shareholder, Quzhou Zhibao Enterprise Management Partnership (Limited Partnership), proposes to repurchase some of the company’s RMB ordinary shares (A-shares) through centralized bidding. The total amount of funds for the repurchase will be no less than RMB 100 million (inclusive) and no more than RMB 200 million (inclusive). The price range for the repurchase will not exceed 150% of the average trading price of the company’s stock during the 30 trading days prior to the approval of the repurchase resolution by the board of directors.