Xiamen Jihong Technology Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
July 27, 2021 at 12:00 pm EDT
Xiamen Jihong Technology Co., Ltd. (SZSE:002803) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 26.60 per share. The repurchases will be funded using company's own funds. The shares repurchased will be used for equity incentive plan or implement employee stock ownership plan. The program will be valid for 12 months.