Wuhan P&S Information Technology Co., Ltd. commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on July 15, 2022.
July 21, 2022 at 12:00 pm EDT
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Wuhan P&S Information Technology Co., Ltd. (SZSE:300184) commences share repurchases on July 21, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on July 15, 2022. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of shares. The shares will be repurchased at a price of not more than CNY 7.5 per share.
The repurchased shares will be used to cancel and reduce share capital. The program will be valid till earlier of 6 months from the date of shareholders' approval.
Wuhan P&S Information Technology Co., Ltd. is principally engaged in the promotion and distribution of integrated circuits (ICs) and other electric components, as well as the provision of application services. The Company primarily provides microcontrollers, power management components, system management components, communication port components, signal amplification organizing components, discrete semiconductor components, digital potentiometer components, data transformation components, clock management components, analogue switch components, digital logical components, memory components, power drive components, passive components, as well as development tools, among others.
Wuhan P&S Information Technology Co., Ltd. commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on July 15, 2022.
WUHAN P&S INFORMATION TECHNOLOGY CO., LTD. 
