Hubei Xinyangfeng Fertilizer Co., Ltd. commences an Equity Buyback Plan for CNY 500 million worth of its shares, under the authorization approved on August 28, 2018.
October 23, 2018
Share
Hubei Xinyangfeng Fertilizer Co., Ltd. (SZSE:000902) commences share repurchases on October 23, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 28, 2018. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 500 million. The shares will be repurchased at a price of not more than CNY 9.8 per share. The repurchased shares will be used in the implementation of equity incentive. The program will run over a period of of 12 months from the date of Extraordinary General Meeting.
YONFER Agricultural Technology Co Ltd, formerly Xinyangfeng Agricultural Technology Co Ltd, is a China-based company principally engaged in the research, development, production and sale of phosphate compound fertilizer and new fertilizers. The Company's main products include monoammonium phosphate, potassium sulfate compound fertilizer, urea-based compound fertilizer, tower compound fertilizer, bulk blend (BB) fertilizer, organic-inorganic fertilizer and calcium superphosphate, among others. The Company also provides solutions to the modern agricultural industry. The Company distributes its products in domestic market and to overseas markets.
Hubei Xinyangfeng Fertilizer Co., Ltd. commences an Equity Buyback Plan for CNY 500 million worth of its shares, under the authorization approved on August 28, 2018.
YONFER AGRICULTURAL TECHNOLOGY CO., LTD. 
