ZTE Corporation announced today that it plans to use its own funds to repurchase the company's A-shares through centralized bidding transactions, with the shares intended for the implementation of employee stock ownership plans or equity incentives. The total repurchase amount is set at no less than 1 billion yuan and no more than 1.2 billion yuan (both inclusive).
Based on the upper limit of the repurchase amount of 1.2 billion yuan and the maximum repurchase price of 63.09 yuan per A-share, the company is expected to repurchase approximately 19.0204 million shares, accounting for about 0.40% of the company's current total share capital. The specific number of shares repurchased will be subject to the actual quantity acquired upon the expiration of the repurchase period. The repurchase period is set for 12 months from the date the board of directors approves the repurchase plan.