Longci Technology: It is planned to repurchase company shares of not less than 50 million yuan and not more than 80 million yuan_Oriental Fortune Network

　　Dragon Magnetic Technology(SZ 300835, closing price: 23.53 yuan) released on the evening of May 6announcementBased on the judgment of the company’s value and firm confidence in its future sustainable development, in order to safeguard the interests of the majority of investors and enhance investor confidence, and comprehensively consider the company’s financial status, operating conditions, future profitability and secondary market stock status, it is proposed to use private capitalrepoPart of the company’s public shares. The shares repurchased this time are used for employee stock ownership plans or equity incentives; the total amount of funds repurchased this time shall not be less than RMB 50 million, and the company’s own funds shall not exceed RMB 80 million. The price of the shares to be repurchased this time shall not exceed 45 yuan (inclusive), which shall not exceed 150% of the average trading price of the company’s shares in the 30 trading days prior to the deliberation and approval of the repurchase resolution by the board of directors. The repurchase period is within 12 months from the date of deliberation and approval by the board of directors;

From January to December 2021,Dragon Magnetic TechnologyofOperating incomeThe composition is as follows: magnetic tile products account for 78.41%, commutators and others account for 8.55%, outsourced processing products account for 7.39%, and pre-sintered products account for 5.65%.

　　Dragon Magnetic TechnologyThe chairman of the board is Xiong Yonghong, male, 58 years old, with a technical secondary school background; the general manager is Xiong Yongge, male, 54 years old, with a college education background.

(Article source: Daily Economic News)

Article source: Daily Economic News

Responsible editor: 92

Original title: Longci Technology: It is planned to repurchase company shares of not less than 50 million yuan and not more than 80 million yuan