Nancal Technology Co.,Ltd announces an Equity Buyback for CNY 80 million worth of its shares.
May 17, 2022
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Nancal Technology Co.,Ltd (SHSE:603859) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 40 per share.
The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 6 months.
Nancal Technology Co., Ltd. is a China-based company mainly engaged in intelligent business. The Company's main business includes intelligent manufacturing and intelligent electrical. Intelligent manufacturing business mainly provides overall solution services to manufacturing enterprises in the fields of aerospace, aerospace, weapons, high-tech electronics, etc., which can be divided into software systems and services, digital production line construction and services, and test bench construction and services. Intelligent electrical business can be divided into industrial electrical products and systems, charging power products and systems, power quality products and systems, and energy management systems. The Company operates its businesses in both domestic and overseas markets.
NANCAL TECHNOLOGY CO.,LTD 
