Bank of China Cashmere Industry (000982) issued a share buyback announcement on May 8th.Slotturnover5xThe company plans to complete this share repurchase plan from May 8, 2024 to August 6, 2024, and the repurchase price does not exceed 1.Slotturnover5x92 yuan per share, the total repurchase amount shall not exceed RMB 40 million yuan. If the full repurchase amount is calculated according to the upper limit of the total repurchase amount and the repurchase share price limit, the number of shares that can be repurchased is expected to be no more than 20.83 million shares, the maximum number of shares to be repurchased shall account for 0.49% of the total share capital of the company, and the specific number of repurchased shares shall be subject to the actual number of shares repurchased at the expiration or termination of the repurchase period.
The announcement said that in view of the recent large fluctuations in the company's stock price, based on the confidence in the company's sustainable development in the future and the reasonable judgment of the company's long-term value, in order to effectively safeguard the interests of shareholders, enhance investor confidence and comprehensively consider the prospects of business development, the company's chairman, Mr. Li Xiangchun, suggested that the company should use its own funds to buy back some of the company's A-shares through centralized bidding. It is necessary to safeguard the value of the company and the rights and interests of shareholders.
