Yutong Heavy Industries Co., Ltd.SSE: 600817

(600817)"Yutong Heavy Industries Co., Ltd."Announcement on Adjustment of the Repurchase Price of Restricted Shares and Repurchase and Cancellation of Certain Restricted Shares

· Issued by Yutong Heavy Industries Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600817 · · 4 pages · Chinese

Summary by 6ix AI

Yutong Heavy Industries Co., Ltd. announced an adjustment to the repurchase price of restricted shares and the repurchase and cancellation of certain restricted shares. The decision was made during a board meeting where the repurchase price was adjusted due to recent profit distributions. The company plans to repurchase shares from a departing employee, totaling a specific number of shares from two incentive plans. The repurchase will be funded using the company's own resources and is not expected to significantly impact operations. Legal opinions confirm that the repurchase and price adjustments comply with relevant regulations and company policies.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/600817yutong-heavy-industries-co-ltdannouncement-on-adjustment-of-the-repurchase-price-of-restricted-shares-and-repurchase-and-cancellation-of-certain-restricted-shares

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Announcement on Adjustment of the Repurchase Price of Restricted Shares and Repurchase and Cancellation of Certain Restricted Shares

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

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