Dayang Electric has decided to terminate its plan to issue H shares and list on the Hong Kong Stock Exchange. Instead, the company will proceed with a share buyback program, allocating between 120 million and 160 million yuan to repurchase its own shares. This move is intended for employee stock ownership plans or equity incentives. The company also approved the cancellation of certain stock options from its 2023 plan and the fulfillment of exercise conditions for the third period. AI
RANK_REASON Company announcement regarding share issuance and buyback, not a core AI development.
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