Qingdao Citymedia Co,. Ltd. commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on September 29, 2021.
November 01, 2021
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Qingdao Citymedia Co,. Ltd. (SHSE:600229) commences share repurchases on November 1, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 29, 2021. As per the mandate, the company is authorized to repurchase up to CNY 400 million worth of shares.
Qingdao Citymedia Co Ltd is a China-based company mainly engaged in publication planning, editing, publishing, copyright operations, distribution and product sales. The company conducts its business through one segment. The Wholesale and Retail Business of Books, Periodicals and Newspapers is mainly engaged in the publication and distribution of national standard textbooks, educational books, science and technology life books, children's books, and social science and literature books in domestic market, as well as the import and export of copyrights and multi-form development and operations based on the content of publications. The Company is also engaged in the subscription and distribution of teaching materials, teaching aids, general books and periodicals, the sales of educational services and related cultural products, as well as the sales of educational equipment, multimedia equipment, printing materials and other diversified products. The Company mainly operates its businesses in
Qingdao Citymedia Co,. Ltd. commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on September 29, 2021.
QINGDAO CITYMEDIA CO,. LTD. 
