Tranche Update on NanJi E-Commerce Co., LTD's Equity Buyback Plan announced on January 28, 2021.
July 02, 2021 at 03:32 pm EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 25,185,823 shares, representing 1.05% for CNY 227.64 million. With this, the company has completed the repurchase of 32,296,523 shares, representing 1.36% for CNY 299.54 million under the buyback announced on January 28, 2021.
NanJi E-Commerce Co Ltd, formerly Jiangsu Xinmin Textile Science & Technology Co Ltd, is a China-based company engaged in the provision of brand integrated services, dealer brand authorization services, mobile Internet marketing services and other businesses. The brand integrated services and dealer brand authorization services mainly provide brand authorization and integrated services to authorized suppliers and distributors. The mobile Internet marketing services refer to the advertising marketing business based on the mobile Internet terminal and promote products and places advertisements on the provider platform for customers as an agent of the mobile traffic media provider. The Company is also engaged in sales of goods and other businesses. The Company mainly conducts business within the domestic market.