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Yituo Shares: Plans to repurchase no more than 10% of H-shares

K-LinePoet
Yitong Share Co., Ltd. has announced that it intends to request the shareholders’ meeting grant the board of directors general authority to repurchase the company’s H shares. The board of directors is asking the company’s shareholders’ meeting and class shareholders’ meeting to approve and authorize the board of directors to repurchase a portion of the company’s H shares listed on the Hong Kong Stock Exchange. The funds for the repurchase will come from the company’s own funds. The repurchase will not exceed 10% of the total number of issued H shares of the company as of the date the shareholders’ meeting passes this authorization.
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