On the evening of May 4, Enc Digital Technology Co.Ltd(603869) announced that the company’s shares would be repurchased at a price of no more than 13.61 yuan / share through centralized bidding. The repurchase scale was between 50 million yuan and 100 million yuan, and the repurchased shares would be used for equity incentive.
The announcement said that based on the confidence in the future development prospects of the company and the recognition of the internal investment value, in order to safeguard the interests of the majority of investors, enhance the investment confidence of public investors in the company, further improve the long-term incentive mechanism of the company, and promote the long-term development of the company, the company decided to repurchase shares in combination with the company’s operation, financial status and the judgment of the company’s future profitability.
At the time of the recent market downturn, listed companies have come up with real gold and silver to set off a wave of repurchase. If the maximum amount of Enc Digital Technology Co.Ltd(603869) repurchase funds of 100 million yuan is used up, Enc Digital Technology Co.Ltd(603869) will invest 200 million yuan in the company’s repurchase. 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.
