YNBY INTL (00030) intends to conduct share repurchase on the open market.
Yunbai International (00030) announced that the Board of Directors of the Company obtained authorization from the shareholders at the annual general meeting held on May 16, 2025, to repurchase up to 10% of the total number of shares issued by the Company as approved by the resolution of the shareholders' annual general meeting. The Board of Directors hereby announces that it has formally authorized the management to initiate a share repurchase program (the "Share Repurchase Program") from time to time in the open market using the repurchase authorization. The Company may repurchase shares at its discretion depending on market conditions.
YNBY INTL (00030)Announcement: The Board of Directors of the Company has obtained authorization from the shareholders at the Annual General Meeting held on May 16, 2025 to repurchase up to 10% of the total issued shares of the Company on the day of the resolution passing. The Board hereby announces that it has formally authorized the management to use the repurchase authorization to execute a share repurchase plan on the open market at appropriate times (Share Repurchase Plan). The Company may repurchase shares as deemed fit based on market conditions.
The Company believes that the share repurchase reflects its confidence in its business operations and prospects, and that the Share Repurchase Plan aligns with the Company's long-term development strategy. The implementation of the Share Repurchase Plan is in the overall interest of the Company and its shareholders.
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