Huamao Shares (000850): The Latest Announcement Proposes To Buy Back The Company'S Shares For 50 Million To 100 Million Yuan

Huamao Shares (000850) announced in the evening of February 7 that the company plans to use its own funds to repurchase some of the issued RMB ordinary shares (A-shares) in the form of centralized bidding transactions. The repurchased shares are necessary to maintain the company's value and shareholders' equity. The shares repurchased this time will be sold in full in accordance with relevant regulations. The total repurchase amount is not less than 50 million yuan (inclusive), not more than 100 million yuan (inclusive), and the repurchase price is not more than 5.00 yuan/share (inclusive).