Jiaxing Silk (002404): 50 Million To 100 Million Yuan To Continue To Buy Back Shares.

Jiaxing silk (002404) announcement: as of June 19, 2020, the company's share repurchase period expired. During the period of repurchase, the Company repurchased 8953904 shares of shares by centralized bidding, and accounted for 1.55% of the total share capital of the company. The total amount of the transaction was 50154594.9 yuan (excluding transaction costs). The share repurchase has been completed. The company intends to continue to use its own funds to repurchase some of the public shares of the company by centralized bidding, which will be used for equity incentive or ESOP. The total amount of repurchase funds should be no less than 50 million yuan, not more than 100 million yuan, and the repurchase price should not exceed 8.5 yuan / share. The period for the implementation of the share repurchase is within 12 months from the date when the board deliberated and adopted the repurchase share scheme.