Ningbo Fujia Industrial Co., Ltd. (SHSE:603219) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at not more than CNY 20 per share.
The shares repurchased will be used for Equity incentive or ESOP. The company will use its own funds and self-raised funds to repurchase its shares. The program is valid for 12 months.
Ningbo Fujia Industrial Co Ltd is a China-based company primarily engaged in the research, design, production, and sales of intelligent cleaning small household appliances such as vacuum cleaners and robotic vacuum cleaners, as well as core components such as brushless motors. The Company's main products include cordless lithium-ion vacuum cleaners, corded vacuum cleaners, industrial vacuum cleaners, intelligent robotic vacuum cleaners, high-performance motors and others. The Company mainly operates its businesses in the domestic and overseas markets.
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