Tianrun Industry Technology Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
December 04, 2023 at 11:00 am EST
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Tianrun Industry Technology Co., Ltd. (SZSE:002283) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 9.42 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.
On April 27, 2024, the company announced that it has adjusted its share repurchase price from no more than CNY 9.42 per share to no more than CNY 9.19 per share.
Tianrun Industry Technology Co Ltd, formerly Tianrun Crankshaft Co Ltd, is a China-based company, principally engaged in the manufacture and distribution of automobile spare parts. The Company's main products portfolio consists of heavy engine crankshafts, light engine crankshafts, medium engine crankshafts, automobile engine crankshafts and others. In addition, it is engaged in the production of vessel crankshafts, connecting rods, castings and crankshafts blanks, among others. Its products are mainly applied in the manufacture of heavy-duty vehicles and light trucks. The Company distributes its products within domestic market and to overseas markets.
TIANRUN INDUSTRY TECHNOLOGY CO., LTD. 
