Zhejiang CFMOTO Power Co.,Ltd. commences an Equity Buyback Plan for CNY 100 million , under the authorization approved on December 20, 2018.
January 22, 2019
Share
Zhejiang CFMOTO Power Co.,Ltd. (SHSE:603129) commences share repurchases on January 22, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 20, 2018. As per the mandate, the company is authorized to repurchase its A shares, for a total of CNY 100 million. The shares will be repurchased at a price of CNY 22 per share. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the Shareholder's Meeting.
Zhejiang CFMoto Power Co., Ltd. is a China-based company which is mainly engaged in research and development, manufacture and sales of all terrain vehicles, motorcycles, yachts and post market supplies. The Companyâs main products include 400cc to 800cc displacement section of the four-wheel all-terrain vehicles, 125cc-250cc small displacement motorcycles, 250cc-500cc medium displacement motorcycles, 500cc or more larger displacement motorcycles. The Companyâs products are mainly used in outdoor operations, industrial constructions, sports and leisure, fire patrols, military defense and other fields. The Companyâs main product series include CForce series, UForce series, ZForce series and others.
ZHEJIANG CFMOTO POWER CO.,LTD 
