Zhejiang Supor Co., Ltd. commences an Equity Buyback Plan for 16,134,174 shares, under the authorization approved on April 25, 2023.
June 02, 2023 at 12:00 pm EDT
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Zhejiang Supor Co., Ltd. (SZSE:002032) commences share repurchases on June 2, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2023. As per the mandate, the company is authorized to repurchase not more than 16,134,174 shares. The shares will be purchased at a price not exceeding CNY 63.95 per share. The purpose of the program is to effectively protect the interests of shareholders and enhance investors confidence. The program will be funded using the company's own funds. The repurchased shares will be used for cancellation of registered capital and implementation of equity incentives. The program will be valid for a period of 12 months from the time when the plan is approved at the general meeting of shareholders.
On June 3, 2023, the company announced that the share repurchase price was adjusted to CNY 60.93 per share after the 2022 annual equity distribution.
Zhejiang Supor Co, Ltd. is the second largest cooker manufacturer in the world and China's leading manufacturer of small household appliances. Products include induction hobs, hoods, gas cookers, steam ovens, pressure cookers, steam cookers, milk machines, juice extractors, woks, frying pans, pots, kettles, thermos flasks, spatulas, crisper pans, knives, slow cookers, air purifiers, irons, dust cleaners, etc.
At the end of 2018, the group operates 5 production sites in China.
ZHEJIANG SUPOR CO., LTD. 
