China Merchants Shekou: plans to buy back the company's shares for 351 million yuan to 702 million yuan

On October 16th, China Merchants Shekou announced that based on confidence in the future development of the company, in order to enhance investor confidence and effectively safeguard the interests of investors, the company plans to use equity funds or self-raised funds to conduct share repurchase through the Shenzhen Stock Exchange trading system in a centralized auction transaction. All the shares repurchased this time will be cancelled and the registered capital of the company will be reduced. The proposed repurchase price shall not exceed RMB 15.68/share, and the proposed repurchase amount shall not be less than RMB 351 million and not exceed RMB 702 million. The repurchase period shall be within 12 months from the date of the company's shareholders' meeting deliberating and approving the repurchase plan.