Hangzhou IECHO Science & Technology Co., Ltd. announces an Equity Buyback for CNY 40 million worth of its shares.
May 06, 2022
Share
Hangzhou IECHO Science & Technology Co., Ltd. (SHSE:688092) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of shares. The shares will be repurchased at a price of not more than CNY 35 per share. The shares purchased will be used for the company's ESOP or equity incentive plan. The program will be valid for 12 months.
On May 28, 2022, the company announced that its has adjusted its share repurchase price from not more than CNY 35 per share to no more than CNY 34.73 per share.
Hangzhou IECHO Science & Technology Co Ltd is a China-based company mainly engaged in the research and development, design, manufacturer and sales of intelligent cutting equipment. The Company's main products include basic intelligent cutting equipment, scalable intelligent cutting equipment, high-speed large-format intelligent cutting equipment, leather cutting assembly line equipment, multilayer intelligent cutting equipment and micro intelligent cutting equipment. The Company's products are applied in the manufacturing process of advertising and printing, automotive interior, home textile, composite material, textile and garment, office automation, footwear, luggage and other industries. The Company also provides customers with industry application software, technical customization equipment and open services related to smart cutting equipment. The Company distributes its products within domestic market and to overseas markets.
HANGZHOU IECHO SCIENCE&TECHNOLOGY CO., LTD. 
