Hebei Yangyuan ZhiHui Beverage Co., Ltd. commences an Equity Buyback Plan for 10,000,000 shares, under the authorization approved on January 2, 2024.
January 17, 2024
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Hebei Yangyuan ZhiHui Beverage Co., Ltd. (SHSE:603156) commences share repurchases on October 28, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 2, 2024. As per the mandate, the company is authorized to repurchase up to 10,000,000 common shares. The shares will be repurchased at a price of not more than CNY 25 per share. The purpose of the program is to safeguard the interests of investors, enhance investor confidence, and comprehensively consider the company's operating conditions, financial status and development strategy. The shares repurchased will be canceled in accordance with the law and the company's registered capital will be reduced. The program will be funded out of the company's own funds. The program will be valid till 12 months from the date of approval by shareholders.
On May 30, 2024, the company announced that it adjusted the upper limit of the repurchase price of shares from CNY 25 per share to CNY 23.40 per share. The effective date for adjustment of the upper limit of the share repurchase price is June 5, 2024.
Hebei Yangyuan ZhiHui Beverage Co., Ltd. is principally engaged in the research, development, production and distribution of vegetable protein beverages and food. The Company primarily provides hickory nut beverages, including hickory nut juice, hickory nut and peanut juice, hickory nut and almond juice, as well as hickory nut food, including hickory nut porridge. The Company provides its products with the brand named Yangyuan and Six Walnuts, specific varieties include Yangyuan Boutique Six Walnut Milk, Yangyuan Selected Six Walnut Milk, Yangyuan Refined Research Six Walnut Milk and Yangyuan Zhihui Health Six Walnut Milk and others. The Company distributes its products primarily in domestic market.