On the evening of May 4, Enc Digital Technology Co.Ltd(603869) (hereinafter referred to as ” Enc Digital Technology Co.Ltd(603869) “) issued the repurchase report on the repurchase of shares of the company by means of centralized bidding transaction Enc Digital Technology Co.Ltd(603869) the company’s shares will be repurchased at a price of no more than 13.61 yuan per share through centralized bidding. The repurchase scale is between 50 million yuan and 100 million yuan. The repurchased shares will be used for equity incentive.
The announcement shows that this move is based on the recognition of the company’s future development prospects and internal investment value, safeguard the interests of the majority of investors, enhance the public investors’ investment confidence in the company, further improve the company’s long-term incentive mechanism, and promote the company’s long-term development.
At the time of market downturn, listed companies have recently come up with real gold and silver to set off a wave of repurchase. If the upper limit of 100 million yuan of Enc Digital Technology Co.Ltd(603869) repurchase funds is used up, Enc Digital Technology Co.Ltd(603869) will contribute 200 million yuan to the company’s repurchase. Insiders said that the second repurchase is not only to deal with short-term market fluctuations and safeguard the interests of minority shareholders, but also to have firm confidence in the long-term development of the company in the future.
