Tranche Update on Jinhong Fashion Group Co., Ltd.'s Equity Buyback Plan announced on November 26, 2020.
January 04, 2021
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From November 25, 2020 to December 31, 2020, the company has repurchased 3,496,662 shares, representing 1.4% for CNY 20.01 million. With this, the company has completed the repurchase of 3,496,662 shares, representing 1.4% for CNY 20.01 million under the buyback announced on November 26, 2020.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.