China Leadshine Technology Co., Ltd. commences an Equity Buyback Plan for CNY 190 million worth of its shares, under the authorization approved on July 19, 2021.
September 09, 2021 at 12:00 pm EDT
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China Leadshine Technology Co., Ltd. (SZSE:002979) commences share repurchases on September 9, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on July 19, 2021. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 190 million. The shares will be purchased at a price not exceeding CNY 42 per share. The program will be funded from company's own funds. The repurchased shares will be used for the implementation of equity incentives or employee stock ownership plans. The repurchase program is valid for a period of 12 months from shareholders' approval.
ChinaLeadshine Technology Co Ltd is a China-based company mainly engaged in intelligent manufacturing equipment business. The Company focuses on providing motion control core components and industry motion control solutions for the intelligent manufacturing equipment industry. The Company is mainly engaged in the research, development, manufacturing and sales of motion control core components controllers, drivers, motors, and the research and development of related industry application systems, providing customers with complete motion control products and solutions. The products cover the main fields of motion control. The Company distributes its products within domestic market and to overseas markets.
China Leadshine Technology Co., Ltd. commences an Equity Buyback Plan for CNY 190 million worth of its shares, under the authorization approved on July 19, 2021.
CHINA LEADSHINE TECHNOLOGY CO., LTD. 
