Jinglv Environment Science and Technology Co., Ltd commences an Equity Buyback Plan for CNY 10 million worth of its shares, under the authorization approved on January 5, 2024.
February 08, 2024 at 05:45 am
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Jinglv Environment Science and Technology Co., Ltd (SZSE:001230) commences share repurchases on February 7, 2024, under the program mandated by Extraordinary Shareholder's Meeting held on January 5, 2024. As per the mandate, the company is authorized to repurchase up to CNY 10 million worth of its shares. The shares will be repurchased at no more than CNY 34 per share. The purpose of the program is to to safeguard the interests of investors and enhance investor confidence. The shares repurchased will be used for employee stock ownership plans or equity incentives. If the company fails to use the shares for the said purpose within three years of the completion of the plan, the unused shares will be cancelled. The program will be funded from company's own funds. The authorization will be valid for 12 months.
On May 30, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 28.08 per share.
Jinglv Environment Science and Technology Co Ltd is a China-based company mainly engaged in the provision of investment, operation and management services and the manufacturing of equipment in the field of environmental sanitation. The Company mainly provides comprehensive environmental management solutions such as cleaning and cleaning, domestic waste collection, classification and transfer, toilet renovation management and protection, and rural sewage treatment. The Company's main products include sanitation vehicles, garbage compression equipment, rural sewage treatment equipment, deep-buried trash cans, and toilet products. The Company mainly conducts its businesses in the domestic market.
Jinglv Environment Science and Technology Co., Ltd commences an Equity Buyback Plan for CNY 10 million worth of its shares, under the authorization approved on January 5, 2024.