according to the repurchase report disclosed on May 4, Enc Digital Technology Co.Ltd(603869) 5, based on the confidence in the company’s future development prospects and the recognition of its internal investment value, in order to safeguard the interests of the majority of investors, enhance public investors’ investment confidence in the company, further improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm of the company’s middle and senior managers, core and backbone personnel, and promote the long-term development of the company, In combination with the company’s operation, financial status and judgment on the company’s future profitability, the company will repurchase 50 million to 100 million yuan of the company’s shares with its own funds. The repurchased shares will be used for equity incentive. If the company fails to implement the equity incentive plan within three years, or the relevant shares for equity incentive are not granted within three years, the shares repurchased by the company will be cancelled according to law. The specific method shall be determined in accordance with the provisions of relevant laws and regulations.
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