Guo Tai Epoint Software Co.,Ltd announces an Equity Buyback for CNY 200 million worth of its shares.
February 20, 2024
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Guo Tai Epoint Software Co.,Ltd (SHSE:688232) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The repurchase price will not more than CNY 36 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives, to convert company convertible bonds and to maintain company value and shareholder rights. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.
On June 13, 2024, the company announced that it has adjusted its repurchase price from CNY 36 per share to CNY 35.64 per share. The adjustment will be effective from June 18, 2024.
Guotai Epoint Software Co Ltd is a China-based company mainly engaged in the three areas of smart recruitment, smart government and digital construction, providing software-centric intelligent overall solutions. Smart recruitment business includes smart public resource trading platform and smart enterprise recruitment platform. Smart government business provides software platforms such as Internet plus government service platform, government collaborative office platform, smart public security platform, and government big data platform. Digital construction business provides Internet plus smart housing and construction platform, list pricing software, building information modeling (BIM) calculation software and BIM 5D collaboration platform. It is also engaged in the provision of operation and maintenance services, intelligent equipment products, intelligent engineering implementation services and others. The Company conducts its businesses in the domestic market.
GUO TAI EPOINT SOFTWARE CO.,LTD 
