Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on April 30, 2021.
May 06, 2021 at 05:14 am EDT
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Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. (SZSE:300227) commences share repurchases on April 30, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 15, 2021. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 13.96 per share. The program will be funded out of company's own funds. The repurchased shares will be used for the implementation of the company's employee shareholding plan or equity incentives. The program will be valid till 12 months from date of shareholder's approval.
Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. is a China-based company principally engaged in the laser cutting and laser drilling of electronic products. The Company primarily provides laser templates, which mainly include surface mounted technology (SMT) templates; precision metal components, which include precision gratings and sheave assemblies; flexible circuit board laser shaping services, as well as laser drilling services, which include ultraviolet laser drilling and high density interconnection (HDI) laser drilling businesses. In addition, it involves in the trading and other businesses. As of December 31, 2012, it acquired 100% shares of a Kunshan-based company, mainly engaged in the SMT template business.
Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on April 30, 2021.
SHENZHEN SUNSHINE LASER & ELECTRONICS TECHNOLOGY CO., LTD. 
