China Securities Intelligent Financial News *ST Longyu (Rights Protection)(603003) Announcement on the evening of May 21kastkingsharky33000On May 21, the company received the "Proposal Letter on Proposing the Company to Repurchase Shares" from Shanghai Longyu Holdings Co., Ltd., the company proposed that the company use its own funds to repurchase the Company's issued RMB ordinary shares (A shares) are used to safeguard the company's value and shareholders 'rights and interests, and will cancel all shares repurchased this time in the future to reduce the registered capital.

According to the announcement, the price of repurchase shares will not exceed 5kastkingsharky33000.35 yuan/share (inclusive), and the total repurchase funds shall not be less than RMB 50 million (inclusive), and shall not exceed RMB 100 million (inclusive).

The announcement stated that the company's controlling shareholder did not buy or sell the company's shares within six months before the proposal.