CATL (3750) plans to use no less than RMB 20 billion and no more than RMB 40 billion to repurchase A shares through centralized bidding, with a maximum buyback price of RMB 573 per share, according to Ming Pao.

The company said the ceiling is no higher than 1.5 times the average trading price of its shares over the 30 trading days before the board approved the buyback resolution.