Hangzhou Huaguang Advanced Welding Materials Co., Ltd. announces an Equity Buyback for CNY 30 million worth of its shares.
May 09, 2022
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Hangzhou Huaguang Advanced Welding Materials Co., Ltd. (SHSE:688379) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million. The shares will be repurchased at a price not more than CNY 23 per share. The repurchased shares will be used to implement the employee stock ownership plan or equity incentive. The source of funds for the repurchase of shares is the company's own funds. The program will be valid for a period of 12 months.
On May 20, 2022, the company adjusted the upper limit of the share repurchase price has been adjusted to no more than CNY 22.84 per share.
Hangzhou Huaguang Advanced Welding Materials Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of brazing materials. The Company's main products are electronic connection materials such as copper-based solder, silver solder, silver paste and tin-based solder. The Company's products are widely used in many fields such as refrigeration and heating and ventilation, power and electrical, electronics, new energy vehicles, and other industrial applications. The Company provides customers with integrated services such as welding materials, welding equipment, welding tools, weldment processing, and welding technology.
HANGZHOU HUAGUANG ADVANCED WELDING MATERIALS CO.,LTD. 
