Zhuhai Orbita Aerospace Science and Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 9, 2018.
January 03, 2019
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Zhuhai Orbita Aerospace Science and Technology Co., Ltd. (SZSE:300053) commences share repurchases on December 29, 2018 under the program mandated by the shareholders in the Extraordinary General Meeting held on November 9, 2018. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 100 million. The shares will be purchased at a price not exceeding CNY 14 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled thereby reducing the registered capital. The repurchase program is valid for a period of 12 months from shareholders' approval.
Zhuhai Aerospace Microchips Science & Technology Co Ltd, formerly Zhuhai Orbita Aerospace Science & Technology Co Ltd, is a China-based company mainly engaged in the research and development, production, testing, and sales of aerospace electronic products. The Company operates three business segments. Aerospace Electronics segment mainly provides embedded system on chip (SoC) products, session initiation protocol (SIP) modules/systems, and system integration products. Satellite constellation and Satellite Data segment are engaged in surveying and mapping engineering, pipeline detection, and geographic information system development and construction, as well as Big data center system integration and Big data center operation services. Artificial Intelligence segment is mainly engaged in the research and development of face recognition and intelligent image Analysis of algorithms technologies and solutions.
Zhuhai Orbita Aerospace Science and Technology Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 9, 2018.
ZHUHAI AEROSPACE MICROCHIPS SCIENCE & TECHNOLOGY CO., LTD. 
