Anzheng Fashion Group Co., Ltd. commences an Equity Buyback Plan for CNY 110 million, under the authorization approved on November 30, 2020.
February 01, 2021
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Anzheng Fashion Group Co., Ltd. (SHSE:603839) commences share repurchases in January 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 30, 2020. As per the mandate, the company is authorized to repurchase up to CNY 110 million worth of its class A shares. The shares will be purchased at a price not exceeding CNY 16 per share. The program will be funded from company?s own funds. The shares repurchased will be used for equity incentives and employee stock ownership plans. The program will be valid for 12 months from the date of the shareholder's meeting.
Anzheng Fashion Group Co., Ltd is principally engaged in design, manufacture and sales of men's and women's fashion brands. The Company's main products include women's clothes such as coats, skirts, jackets, pants and leather clothing, and men's clothes such as suits, trousers, shirts and jackets. Anzheng Fashion Group Co., Ltd owns five clothes brands including JuZui, IMM, ANZHENG, MOISSAC and FIONA CHEN. The Company also involves in owning one clothes brand WuJi and selling some non private brand clothes.
ANZHENG FASHION GROUP CO., LTD. 
