Suzhou Anjie Technology Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on April 20, 2021.
April 28, 2021 at 11:58 pm EDT
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Suzhou Anjie Technology Co., Ltd. (SZSE:002635) commences share repurchases on April 28, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2021. As per the mandate, the company is authorized to repurchase its shares for not more than CNY 200 million. The shares will be purchased at a price not exceeding CNY 20 per share. The repurchases will be funded using company's own funds. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plans, otherwise will be cancelled thereby reducing the registered capital. The repurchase program is valid for a period of 6 months from shareholders' approval.
Suzhou Anjie Technology Co., Ltd is a China-based company principally engaged in the design, manufacture and distribution of functional components of consumer electronic products and new energy vehicles. The Companyâs main products include paste functional components, insulating functional components, buffering materials, shielding functional components, backlight materials, heat radiating functional components, conducting materials, optical adhesive films, decorative functional components, touch panels and window protection glass, among others. The Company distributes its products in domestic market and to overseas markets.
Suzhou Anjie Technology Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on April 20, 2021.
SUZHOU ANJIE TECHNOLOGY CO., LTD. 
