Hangzhou Haoyue Personal Care Co., Ltd announces an Equity Buyback for CNY 60 million worth of its shares.
June 10, 2022
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Hangzhou Haoyue Personal Care Co., Ltd (SHSE:605009) commences a share repurchases on June 10 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2022. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at the price of CNY 60 per share. The program will be funded from company's own funds. The authorization will be valid for a period of 6 months from the date of approval.
On June 11, 2022, the company announced that it has adjusted its share repurchase price from not more than CNY 60 per share to not more than CNY 59 per share.
Hangzhou Haoyue Personal Care Co Ltd is a company engaged in research and development, production and sales of personal hygiene care products. The Company sells its products through original design manufacture (ODM) model. Its products are comprised of baby hygiene products, such as baby diapers; adult incontinence products, such as adult diapers and nursing pads; feminine hygiene products, such as menstrual pants and sanitary napkins; and non-absorbent hygiene products, such as wet wipes. The Company sells its products to both domestic and international markets, including South Korea, India, Pakistan, Belarus and so on.
HANGZHOU HAOYUE PERSONAL CARE CO., LTD 
