Profit Cultural and Creative Group Co., Ltd. announces an Equity Buyback for CNY 20 million worth of its shares.
October 21, 2021 at 08:29 am
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Profit Cultural and Creative Group Co., Ltd. (SZSE:300640) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 8.8 per share. The shares purchased will be used for the company's equity incentive plans or employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid till 12 months.
Profit Cultural and Creative Group Co Ltd is a company engaged in research, development and sales of cultural and creative furniture supplies. The Company's products are comprised of creative decorations, casual daily necessities and fashionable small furniture. The creative decoration products include festival decorations, daily decorations and garden decorations. The casual daily necessities products mainly include casual bags and casual shoes. The Companyâs products are manufactured by its commissioned factories based on original equipment manufacturer (OEM) model. The Company sells its products to both domestic and international markets, including Asia, Europe, America, Africa and Oceania.
PROFIT CULTURAL AND CREATIVE GROUP CO., LTD. 