China Securities Network News (reporter Wu Weihong) Mona Lisa (002918) issued an announcement on the evening of November 8 that the company's board of directors meeting on November 8 deliberated and passed the "Proposal on Repurchasing Part of the Public Shares", and intends to use its own funds to repurchase some of the company's public shares in a centralized bidding transaction, with the total amount of the repurchase ranging from 110 million yuan to 220 million yuan, and the repurchase price does not exceed 31.93 yuan / share.
The announcement said that the repurchase of shares will be used for equity incentive plans or employee stock ownership plans. The specific number of shares repurchased is based on the number of shares actually repurchased at the expiration of the repurchase period. The repurchase period is 12 months from the date of the approval of the repurchase plan by the company's general meeting of shareholders.
On November 8, Mona Lisa shares closed down 2.11 percent at $19 per share. Since the second half of the year, the company's stock price has continued to decline, falling from above 30 yuan per share to 19 yuan, a decline of more than 30%.
![World Oil Painting Classics: Three Mona Lisa by Leonardo da Vinci[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)