Longbo Technology (603655) issued a share buyback announcement on May 14.BaccaratpredictThe company plans to complete this share repurchase plan from May 14, 2024 to August 13, 2024, and the repurchase price does not exceed 18.Baccaratpredict.50 yuan per share, the total repurchase amount shall not exceed RMB 800BaccaratpredictRMB .0 million, if the full repurchase is calculated according to the upper limit of the total repurchase amount and the price of the repurchased shares, it is estimated that the number of shares that can be repurchased will not exceed 432400, and the upper limit of the number of shares to be repurchased will account for 0.41% of the total share capital of the company.BaccaratpredictThe number of shares actually repurchased at the expiration of the repurchase period or upon termination of the repurchase shall prevail.

The announcement said that based on the confidence in the company's sustained and stable development in the future and the recognition of the company's value, in order to effectively protect the interests of all shareholders, enhance the confidence of public investors in the company, and promote the reasonable return of the company's stock value, at the same time, we will further improve the company's long-term incentive mechanism, effectively combine the interests of shareholders, the company's interests and core team interests, and promote the company's long-term development. Combined with the company's operating situation and financial situation and other factors, Mr. Wang Shuguang, chairman of the board, suggested that the company should buy back the company's shares with its own funds and use them for employee stock ownership plans or equity incentives at an appropriate time in the future.