STO Express: plans to repurchase no more than 250 million yuan of shares

On December 19, Jinshi Data News, Shentong Express announced that the company plans to repurchase company shares through Bidding with its own funds and self-raised funds, with a total repurchase amount not less than RMB 140 million and not more than RMB 250 million, and the repurchase price not exceeding RMB 15 per share. Based on the estimated repurchase amount cap of RMB 250 million and the repurchase price cap of RMB 15 per share, it is expected to repurchase a minimum of 16.66 million shares, accounting for approximately 1.09% of the company’s current total share capital; based on the estimated repurchase amount floor of RMB 140 million and the repurchase price cap of RMB 15 per share, it is expected to repurchase a minimum of 9.33 million shares, accounting for approximately 0.61% of the company’s current total share capital. The repurchase period is within 12 months from the date the board of directors approves the share repurchase plan. The repurchased shares are intended for equity incentive or employee stock ownership plan.