Tranche Update on Bichamp Cutting Technology Co., Ltd.'s Equity Buyback Plan announced on October 30, 2020.
January 05, 2021 at 02:34 pm EST
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From October 29, 2020 to December 31, 2020, the company has repurchased 10,100,854 shares, representing 4.81% for CNY 81.92 million. With this, the company has completed the repurchase of 10,100,854 shares, representing 4.81% for CNY 81.92 million under the buyback announced on October 30, 2020.
Bichamp Cutting Technology Hunan Co Ltd is a China-based company primarily engaged in the production and sales of power supply products. The Company operates primarily through two segments. The Sawing segment is mainly engaged in the research, development, manufacturing and sales of sawing materials, sawing products, sawing processes and sawing equipment. The Power Supply segment is mainly engaged in the production and sales of consumer electronic power supplies, new energy smart photovoltaic/energy storage power supplies, data center power supplies and site energy power supplies. The Company's products are mainly used in aerospace, rail transit, automobile manufacturing, large-scale forging, engineering machinery, wind power, nuclear power, steel metallurgy, mold processing, consumer electronics and new energy fields. The Company mainly conducts its businesses in the domestic market.
BICHAMP CUTTING TECHNOLOGY (HUNAN) CO., LTD. 
