Wellhope Foods Co., Ltd. announces an Equity Buyback for CNY 300 million worth of its shares.
May 10, 2021
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Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd. (SHSE:603609) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 17.7 per share.
The shares purchased will be used for the company's employee shareholding plan or equity incentive plan. The program will be funded out of the company's own funds. The program will be valid till earlier of 12 months from the date of board's approval, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier.
Wellhope Foods Co Ltd is a China-based company primarily engaged in the production and sales of feed. The Company is mainly engaged in three businesses. The feed and feed raw material trading business is mainly engaged in the production and sales of pig feed, poultry feed, ruminant feed and other feed, as well as bulk feed raw materials such as fish meal, soybean meal, corn by-products, and feed additive products such as amino acids, antioxidants, antifungal agents, and vitamins. The meat and poultry business is mainly engaged in broiler breeder chicken breeding, hatching, feed production, commercial broiler chicken breeding, broiler slaughtering and processing, as well as deep processing of prepared products and cooked food. The pig business is mainly engaged in breeding and sales of breeding pigs, sales of commercial piglets, free-range fattening pigs and a small amount of self-raising, and pig slaughtering. The Company mainly conducts its businesses in the domestic market.
WELLHOPE FOODS CO., LTD. 
