HUANLEJIA Food Group Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 22, 2022.
December 08, 2022 at 11:00 am EST
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HUANLEJIA Food Group Co., Ltd. (SZSE:300997) commences share repurchases on December 9, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 22, 2022. As per the mandate, the company is authorized to repurchase to repurchase CNY 100 million worth of its common shares. The shares will be repurchased at a price of not more than CNY 15 per share. The 50% repurchased shares will be cancelled and 50% shares will be used for equity incentives or employee stock ownership plan. The program will be funded out of the company's own funds. The program will be valid till 12 months from the date of approval by shareholders.
On June 2, 2023, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 14.88 per share.
On September 13, 2023, the company adjusted its share repurchase price from CNY 14.88 per share to not more than CNY 14.83 per share.
Huanlejia Food Group Co Ltd is a China-based company mainly engaged in comprehensive food production. The Company's products are mainly divided into two categories: the first category is coconut juice vegetable protein drinks, fruit juice drinks, lactic acid bacteria drinks and other beverage products; the second category is canned fruits, canned rice porridge, canned fish and canned eggs. The Company conducts its businesses in the domestic market.
HUANLEJIA Food Group Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 22, 2022.
HUANLEJIA FOOD GROUP CO.,LTD 
