Chengdu Xgimi Technology Co.,Ltd. announces an Equity Buyback for CNY 40 million worth of its shares.
September 01, 2022
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Chengdu Xgimi Technology Co.,Ltd. (SHSE:688696) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 511.53 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.
On June 12, 2023, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 509.39 per share.
XGimi Technology Co Ltd, formerly Chengdu XGimi Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of smart projection products. Its main products and services include smart projection products, projection-related accessories and Internet value-added services. Its smart projection products mainly include smart micro-projection series, laser television series and innovative product series. Its projection-related accessories products mainly include screens, stands, microphones, three dimension (3D) glasses, wireless game controllers, etc. The Company has developed a GMUI software system based on the Android kernel for smart projection products, and provides customers with Internet value-added services, including application distribution, film and television content services, etc. The Company conducts its businesses within the China market and to overseas markets such as Europe, North America, and Japan.