Yoozoo Interactive Co.Ltd(002174) (002174) announced on February 11 that the company plans to repurchase shares with 200 million yuan to 300 million yuan, and the repurchase price shall not exceed 20 yuan / share.
Yoozoo Interactive Co.Ltd(002174) indicates that it is planned to use its own funds to buy back the company’s shares in the form of centralized bidding, and the company’s shares repurchased will be used for employee stock ownership plan or equity incentive. The price of the shares repurchased this time shall not exceed RMB 20 / share, and the total amount of repurchased funds shall not be less than RMB 200 million (inclusive) and not more than RMB 300 million (inclusive). The period of repurchased shares shall be 12 months from the date when the board of directors deliberates and approves the share repurchase plan. If calculated according to the upper limit of repurchase amount and repurchase price, the number of shares repurchased is expected to be about 15000000, accounting for about 1.64% of the current total share capital of the company; According to the calculation of the lower limit of repurchase amount and the upper limit of repurchase price, the number of shares repurchased is expected to be about 10000000 shares, accounting for about 1.09% of the current total share capital of the company. The specific number of shares repurchased shall be subject to the actual number of shares repurchased at the completion of repurchase. The repurchased shares are used for the later implementation of equity incentive plan or employee stock ownership plan.
