Linkage Software Co., LTD announces an Equity Buyback for CNY 200 million worth of its shares.
December 22, 2022
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Linkage Software Co., LTD (SHSE:688588) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 16.3 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or 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 12 months.
On June 16, 2023, the company announced that after the 2022 profit distribution, it adjusted the maximum repurchase price from not more than CNY 16.3 per share to not more than CNY 16.1 per share.
Linkage Software Co Ltd is a China-based company that provides financial software outsourcing services. The Company provides customers with a full range of software services such as consulting, design, development and maintenance. Its business scope covers securities, insurance, banking, trust, asset management and other financial fields. The Company operates its businesses within the domestic market and to overseas markets, such as Japan.