Microchip Biotech: Chairman proposes to repurchase company shares for 80 million to 120 million yuan

K-LinePoet · 2026-03-31T15:52:42+00:00

Microchip Biotech Announcement: Chairman Dr. Xianping Lu proposes that the company use its own funds and self-raised funds to repurchase shares through centralized bidding transactions, with a total repurchase amount not less than RMB 80 million (inclusive) and not more than RMB 120 million (inclusive). The repurchase price shall not exceed 150% of the average trading price of the company's shares during the 30 trading days prior to the approval of the share repurchase plan by the board of directors.

K-LinePoet

2026-03-31 15:52:42

Microchip Biotech’s announcement: Chairman Dr. XIANPING LU proposed that the company use its own funds and funds raised to carry out a share repurchase via centralized bidding transactions. The total repurchase amount shall be no less than RMB 80 million (inclusive) and no more than RMB 120 million (inclusive). The repurchase price shall be no higher than 150% of the average trading price of the company’s shares over the 30 trading days prior to the date when the company’s board of directors reviewed and approved the share repurchase plan.

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