Hangzhou Haoyue Personal Care Co., Ltd (SHSE:605009) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.61% of it's share capital for CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share. The purpose of the program is to cancel and reduce the company's registered capital, The repurchased shares will be used for equity incentive plans otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 6 months. The company has 155,226,949 shares issued and outstanding.
On October 22, 2024, the company announced that it has adjusted its repurchase price from CNY 40 per share to CNY 39.16 per share. The adjustment will be effective from October 23, 2024.
Hangzhou Haoyue Personal Care Co Ltd is a company engaged in research and development, production and sales of personal hygiene care products. The Company sells its products through original design manufacture (ODM) model. Its products are comprised of baby hygiene products, such as baby diapers; adult incontinence products, such as adult diapers and nursing pads; feminine hygiene products, such as menstrual pants and sanitary napkins; and non-absorbent hygiene products, such as wet wipes. The Company sells its products to both domestic and international markets, including South Korea, India, Pakistan, Belarus and so on.
