Guangdong KinLong Hardware Products Co.,Ltd. (SZSE:002791) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The repurchase price will not more than CNY 56.11 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.
Starting April 29, 2024, the company adjusted the purchase price per share to CNY 56.01 per share.
Guangdong KinLong Hardware Products Co.,Ltd. is a China-based company principally engaged in the research and development, production and sales of middle- and high-end building door, window and curtain wall hardware system, as well as metal structural components and related products. The Company's main products include door and window hardware system, door control hardware system, point supported glass curtain wall structural components, stainless steel rail structural components and other architectural hardware products. The Company distributes its products mainly in domestic market, as well as to overseas markets.
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