Kent Catalysts Plans to Buy Back Shares Worth 111 Million to 223 Million Yuan

Kent Catalysts announced that it intends to repurchase company shares for no less than 111 million yuan and no more than 223 million yuan, with a repurchase price not exceeding 50 yuan per share. The purpose of the buyback is for an employee stock ownership plan or equity incentive. The buyback will be conducted through centralized bidding transactions, and the buyback period will be within 12 months from the date the board of directors approves the plan. Based on the upper limit of the repurchase price of 50 yuan per share, the estimated number of shares to be repurchased is approximately 2.23 million to 4.46 million shares, accounting for about 2.47% to 4.93% of the company's total share capital.

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