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Huilong Co., Ltd.: Plans to cancel 11.58M shares repurchased
Huirong Co., Ltd. announced that the company plans to cancel 11.5772 million shares held in the dedicated share repurchase account and accordingly reduce registered capital.
On November 24, 2022, the company’s board of directors approved the share repurchase plan, intending to repurchase a total amount of no less than 80 million RMB and no more than 150 million RMB through centralized bidding transactions, with a repurchase price not exceeding 14 RMB per share.
On May 25, 2023, the company repurchased a total of 11.5772 million shares through centralized bidding via the dedicated share repurchase account, with a transaction amount of 100 million RMB (excluding transaction fees).