JAC Motors Plans to Repurchase Shares Worth RMB 50–100 Million

On June 9, JAC Motors (SHA: 600418) announced its plan to repurchase the company's shares through centralized bidding transactions using its own funds. The repurchase amount will be no less than RMB 50 million and no more than RMB 100 million, with a repurchase price not exceeding RMB 64 per share (inclusive). The repurchased shares will be used to uphold the company's value and protect shareholders' equity.