Yunnan Baiyao Group Co.Ltd(000538) 4 on the evening of April 20, the company issued the report on repurchase of a shares. The company plans to use its own funds to repurchase the company’s shares in the way of centralized bidding or permitted by laws and regulations for the implementation of employee stock ownership plan or equity incentive plan. The upper limit of this repurchase is 9 million shares and the lower limit is 4.5 million shares; The repurchase price shall not exceed 124.38 yuan / share, and the expected repurchase amount shall not exceed 1.119 billion yuan.
For the purpose of share repurchase, the announcement said that with the development and integration of cutting-edge technologies such as global biotechnology, artificial intelligence and big data and the continuous deepening of China’s “three medical” linkage reform, in order to achieve sustainable survival and development in the future, the company needs to integrate market and product resources in a wider range and at a higher level. Scientific and technological innovation and organizational reform have become the key driving force for the company’s future strategic development. Facing the drastic changes in the external objective environment, with the unremitting efforts of all employees, the company’s main business has achieved stable and healthy development. In order to further promote the innovation, transformation and development of the enterprise, the company plans to implement share repurchase for the implementation of employee stock ownership plan or equity incentive plan, continuously improve the mutually beneficial and win-win long-term incentive and restraint mechanism, effectively combine the interests of shareholders, the company and the core team, and improve the overall value of the company.
