Tranche Update on Shanghai Lisheng Racing Co.,Ltd.'s Equity Buyback Plan announced on January 12, 2019.
January 02, 2020
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From October 1, 2019 to December 31, 2019, the company has repurchased 336,100 shares, representing 0.27% for CNY 5.08 million. With this, the company has completed the repurchase of 678,800 shares, representing 0.54% for CNY 10.4 million under the buyback announced on January 12, 2019.
Lisheng Sports Shanghai Co Ltd, formerly Shanghai Lisheng Racing Co Ltd, is a China-based company principally engaged in the operation of sports events, sports clubs and venues. The Company conducts its businesses primarily through five segments. The Sports Venues Operation segment is mainly engaged in the operation of racing venues, motorsport and driving experience centers, and indoor and outdoor kart venues. The Sports Event Management segment is mainly engaged in creating its own events, formulating event rules and organizing teams or drivers to participate. The Sports Club Operation segment is mainly engaged in the operation of racing clubs, as well as racing car modification and research and development services. The Sports Equipment Manufacturing and Sales segment is mainly engaged in the manufacturing and sales of kart equipment. The Marketing Services segment mainly provides online marketing services.
LISHENG SPORTS (SHANGHAI) CO.,LTD 
