Unionman Technology Co., Ltd. announces an Equity Buyback for CNY 300 million worth of its shares.
March 16, 2022
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Unionman Technology Co., Ltd. (SHSE:688609) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of class A shares. The shares will be repurchased at a price of CNY 15 per share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded from company's self-raised funds. The program will run for 12 months.
On July 19, 2022, the company announced a decrease in its equity buyback plan. The company adjusted its offer price from CNY 15 per share to CNY 14.94 per share.
Unionman Technology Co Ltd is a China-based company principally engaged in the production of home network communication and home multimedia information terminal equipment. The Company's main businesses are the research, development, production, sales and service of home multimedia information terminals, smart home network communication equipment, Internet of Things communication modules, optical communication modules, smart security equipment and related software systems and platforms. The Companyâs main products include smart network set-top boxes, Digital Video Broadcasting (DVB) digital set-top boxes, Optical Network Unit (ONU) smart home gateways, converged smart home gateways, smart routers, Narrow Band Internet of Things (NB-IoT) modules, Long Term Evolution (LTE) communication modules, 25G fronthaul optical modules, smart cameras, law enforcement recorder and evidence management platform.
UNIONMAN TECHNOLOGY CO.,LTD. 
