Unilumin Group Co., Ltd commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on March 11, 2024.
May 08, 2024 at 11:45 am
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Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases on May 8, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on March 11, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The shares repurchased will be canceled and the registered capital will be reduced in accordance with the law. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.
On May 15, 2024, the company announced that it has adjusted its repurchase price from CNY 10 per share to CNY 9.95 per share. The adjustment will be effective from May 22, 2024.
UNILUMIN GROUP CO., LTD. is a China-based company principally engaged in the research, development, manufacture, sales and services of light emitting diode (LED) display products and LED lighting fixtures. The Company mainly has three segments: the LED Display Division segment, the LED Professional Lighting Division segment and the LED Landscape Lighting Business segment. The Companyâs main products include LED displays, LED illuminating lamps, LED lights and others. The Company distributes its products both to domestic and overseas markets.
UNILUMIN GROUP CO., LTD 
