Jinzai Food Group Co.,Ltd. announces an Equity Buyback for CNY 80 million worth of its shares.
February 24, 2023 at 11:00 am EST
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Jinzai Food Group Co.,Ltd. (SZSE:003000) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 16 per share. The purpose of the program is to use shares repurchased for ESOP or equity incentives. The plan will be valid for 12 months.
On April 25, 2023, the company announced that it adjusted the maximum repurchase price from not more than CNY 16 per share to not more than CNY 15.78 per share.
Jinzai Food Group Co Ltd, formerly Huawen Food Co Ltd, is a China-based company principally engaged in the research and development, production and sales of flavored snack foods. The Company's main brands are Jinzai and Boweiyuan. The Company's main products include flavored small fish, flavored dried tofu and flavored dried meat and other traditional snack foods. Its product flavors include peppery and spicy, spicy, sauce-flavored, sweet and sour and other flavors. The Company distributes its products both in the domestic market and to overseas markets.
JINZAI FOOD GROUP CO.,LTD. 
