Zhejiang Yongjin Metal Technology Co., Ltd commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 21, 2022.
November 24, 2022
Share
Zhejiang Yongjin Metal Technology Co., Ltd (SHSE:603995) commences share repurchases on November 24, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 21, 2022. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 100 million. The shares will be purchased at a price not exceeding CNY 43.43 per share.
The repurchase will be funded from company's own or self-raised funds. The repurchase program is valid for a period of 3 months from shareholders' approval.
Yongjin Technology Group Co Ltd, formerly Zhejiang Yongjin Metal Technology Co Ltd, is a China-based company principally engaged in research, development, manufacturing and sales of cold-rolled stainless-steel plate and strip. The Company's main products include precision cold-rolled stainless-steel plate and strip and wide cold-rolled stainless-steel plate and strip. Precision cold-rolled stainless-steel plate and strip are mainly used in electronic information, communication optical cables, medical equipment, environmental protection equipment, auto parts, chemicals, and batteries industries. Wide cold-rolled stainless-steel plate and strip are mainly used in building decoration, daily necessities, household appliances, automobile parts, machinery and equipment, environmental protection equipment, hardware, instruments and elevators industries. The Company also offers products such as stainless-steel water pipes, titanium alloys and special materials for cylindrical battery casings.
Zhejiang Yongjin Metal Technology Co., Ltd commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 21, 2022.
YONGJIN TECHNOLOGY GROUP CO., LTD. 
