Financial Associated Press, March 3 News: An investor inquired on the interactive platform to Shengxin Lithium Energy: Hello, has the company completed the buyback? When will the Indonesia subsidiary commence production?
Company response:
Under the company's announced share buyback plan, the planned buyback scale is between RMB 250 million and RMB 500 million, with a maximum buyback price of RMB 33 per share. As of the end of February 2024, the company has completed the buyback of 10.165 million shares, totaling RMB 203 million (excluding transaction fees). In addition, the company's lithium salt project in Indonesia is expected to commence operations in the first half of 2024, and relevant preliminary preparations are being actively advanced.
Source: Financial Associated Press AI Telegram
