Shenzhen Yinghe Technology Co., Ltd announces an Equity Buyback for CNY 200 million worth of its shares.
July 13, 2022 at 05:48 pm IST
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Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 38 per share. The source of funds for the share repurchase is the company's own funds. The shares repurchased will be used for ESOP and/or equity incentives. The program will be valid for not more than 12 months.
On August 26, 2022, the company announced that it has adjusted its repurchase price from CNY 38 per share to CNY 37.90 per share.
SHENZHEN YINGHE TECHNOLOGY CO.,LTD. is mainly engaged in the manufacture of lithium electric equipment. The Company's main business is the research and development, design, manufacture, sale of automated production equipment for lithium-ion battery, and the provision of related services. The Company's main products include six equipment series such as coating machines, slitting machines, tableting machines, winding machines, die cutting machines and lamination machines as well as related assisted machines. The products are primarily used in the manufacture of lithium-ion batteries and are sold to China domestic and overseas markets.
SHENZHEN YINGHE TECHNOLOGY CO., LTD 
