Southeast Grid Structure: Plans to Repurchase Company Shares of Not Less Than 100 Million Yuan and Not More Than 200 Million Yuan

NightAirdropper · 2026-03-13T09:09:11+00:00

Southeast Space Frame proposes to repurchase shares with a total amount of no less than 100 million yuan and not exceeding 200 million yuan, at a price not exceeding 9.32 yuan per share. The estimated number of shares to be repurchased is 10.7296 million to 21.4592 million shares, with an implementation period of 12 months.

NightAirdropper

2026-03-13 09:09:11

Abstract generation in progress

Everyday AI Express — On the evening of March 10, Southeast Network Frame (SZ 002135, closing price: 6.66 yuan) announced that Zhejiang Southeast Network Frame Co., Ltd. plans to use its own funds or self-raised funds to repurchase company shares through centralized bidding. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives in the future. The total amount of funds for this repurchase will not be less than 100 million RMB and not more than 200 million RMB (both inclusive); the repurchase price will not exceed (including) 9.32 RMB per share, which is no higher than 150% of the average trading price of the company’s stock during the thirty trading days prior to the board’s approval of the repurchase plan. Based on the minimum and maximum total funds and the maximum repurchase price of 9.32 RMB per share (including), the estimated number of shares to be repurchased is approximately 10.73 million to 21.45 million, accounting for about 0.96% to 1.92% of the company’s current total share capital. The actual number of shares repurchased will be based on the number of shares repurchased upon completion of the plan or when the period expires. The implementation period for this share repurchase is within 12 months from the date the board approves the repurchase plan.

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(Reporter Wang Xiaobo)

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