Zhejiang Huangma Technology Co.,Ltd announces an Equity Buyback for CNY 60 million worth of its shares.
August 17, 2021
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Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 25 per share. The shares purchased will be used for the company's equity incentive plan. The program will be funded out of the company's own funds. The program will be valid till earlier of 12 months, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier.
On September 17, 2021, the company adjusted the price ceiling of the shares to be repurchased from no more than CNY 25 per share to no more than CNY 17.24 per share.
Zhejiang Huangma Technology CO., LTD. is a China-based company principally engaged in the research and development, production and sales of special surfactants. The Company's products are widely used in the fields of silicone, lubricants and metalworking fluids, environmental coatings, composite new materials, specialty fibers, agricultural fertilizer auxiliaries, water treatment and personal care. The Company mainly distributes its products in the domestic and overseas market.