Core Viewpoint - Shanghai Electric plans to repurchase A-shares worth between 150 million yuan and 300 million yuan to reduce its registered capital [1] Summary by Relevant Sections - Repurchase Amount and Method - The company intends to repurchase A-shares with a total amount not less than 150 million yuan and not exceeding 300 million yuan [1] - Price Limitations - The repurchase price will not exceed 150% of the average trading price of the stock over the 30 trading days prior to the board's approval, capped at 12.29 yuan per share [1] - Approval and Timeline - The repurchase plan requires approval from the shareholders' meeting, A-share class shareholders' meeting, and H-share class shareholders' meeting, with a repurchase period of three months from the date of approval [1]
上海电气:拟1.5亿元-3亿元回购A股股份用于减少注册资本