Shenzhen AOTO Electronics Co., Ltd. announces an Equity Buyback for CNY 20 million worth of its shares.
May 05, 2022 at 05:00 pm
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Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price will not exceed CNY 5 per share. The repurchased shares will be used to implement employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase the shares. The plan is valid for 6 months.
On July 2, 2022, the company announced that it has adjusted its share repurchase price from CNY 5 per share to CNY 4.95 per share.
On September 15, 2022, the company announced that it has adjusted its share repurchase price from CNY 4.95 per share to CNY 8 per share.
SHENZHEN AOTO ELECTRONICS CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of light-emitting diode (LED) applications and financial electronic products, as well as the provision of related services. The Company's main products include LED video display systems, LED information release and instruction systems, LED lighting products, electronic receipt systems and Liquid Crystal Display (LCD) advertising machines. The Company also provides related and software integration services. The Company's LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. The Company's financial electronic products and services are mainly used in banking and telecommunications industries. The Company distributes its products in domestic and to overseas markets.
SHENZHEN AOTO ELECTRONICS CO., LTD. 
