Guangzhou Ruoyuchen Technology Co.,Ltd. commences an Equity Buyback Plan for CNY 30 million worth of its shares, under the authorization approved on September 23, 2022.
October 11, 2022 at 05:00 pm
Share
Guangzhou Ruoyuchen Technology Co.,Ltd. (SZSE:003010) commences share repurchases on October 11, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 23, 2022. As per the mandate, the company is authorized to repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 23.83 per share. The purpose of the program is to safeguard the interests of the majority of investors, and enhance investors' confidence in shareholding, combined with the company's operating conditions, financial conditions and future profitability. The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled if the company fails to utilize the shares within 36 months after the completion of the share repurchase. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.
On June 2, 2023, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 23.58 per share.
Guangzhou Ruoyuchen Technology Co Ltd is a China-based company providing comprehensive e-commerce services. The Company's main businesses include online agency operations, channel distribution and brand planning. The services include brand positioning, store operations, channel distribution, integrated marketing, data mining and supply chain management. The Company conducts its businesses within the China market and to overseas markets.
Guangzhou Ruoyuchen Technology Co.,Ltd. commences an Equity Buyback Plan for CNY 30 million worth of its shares, under the authorization approved on September 23, 2022.
GUANGZHOU RUOYUCHEN TECHNOLOGY CO.,LTD. 
