Xilinmen Furniture Co.,Ltd announces an Equity Buyback for CNY 200 million worth of its shares.
September 01, 2021
Share
Xilinmen Furniture Co.,Ltd (SHSE:603008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 40.77 per share. The repurchases will be funded using the company's own funds. The shares repurchased will be used for employee stock ownership plans. The program will be valid for 12 months.
Xilinmen Furniture Co., Ltd is principally engaged in the design, research, development, production and distribution of furniture products. The Company's major businesses include civil furniture business, hotel furniture business and movie and television (TV) culture business. Civil furniture business is involved in the sale of mattresses, soft beds and other bedroom furniture. The Company operates its hotel furniture business primarily through the offering of indoor furniture and decoration related wood products for starred hotels and large public construction projects. Its movie and TV culture business consists of the investment, production, distribution and related businesses of movie and TV programs.
XILINMEN FURNITURE CO.,LTD 
