TDG Holding (SHA:600330) plans to repurchase shares of between 25 million yuan and 50 million yuan, according to a Shanghai bourse filing on Thursday.
The shares, each priced between 6.93 yuan and 6.95 yuan, will be bought back until April 27, 2026.
The repurchased shares will be used for the company's employee stock ownership plans or equity incentives, the Chinese electromagnetic cores and materials manufacturer said.
The company's shares closed over 1% higher.