On the evening of February 8, Touchstone International Medical Science Co.Ltd(688013) issued an announcement on the plan of repurchasing the company’s shares by means of centralized bidding transaction. According to the announcement, the company plans to repurchase some shares with a total amount of its own funds of no less than 50 million yuan (inclusive) and no more than 100 million yuan (inclusive), and the repurchase price is no more than 23.00 yuan / share (inclusive).
The announcement said that according to the calculation of the maximum repurchase amount of 100 million yuan and the maximum repurchase price of 23.00 yuan / share, the number of repurchases is about 4.3478 million shares, and the proportion of repurchased shares accounts for about 5.43% of the total share capital of the company. According to the calculation of the lower limit of 50 million yuan and the upper limit of 23.00 yuan / share, the number of repurchases is about 2173900 shares, accounting for about 2.72% of the total share capital of the company.
Touchstone International Medical Science Co.Ltd(688013) said that based on the confidence in the future development of the company and the recognition of the company’s value, in order to establish and improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm of the company’s employees, effectively combine the interests of shareholders, the company and the personal interests of employees, and promote the healthy and sustainable development of the company, The company plans to repurchase shares through centralized bidding transaction. All repurchased shares will be used for employee stock ownership plan or equity incentive, and will be transferred within three years after the implementation result of share repurchase and the announcement date of share change; If the company fails to complete the transfer of the shares repurchased this time within three years after the implementation result of share repurchase and the announcement date of share change, the procedures for reducing the registered capital will be performed according to law, and the non transferred shares will be cancelled.
