Jiangsu Feiliks Intl Logistics

Feiliks announced plans to repurchase shares through centralized bidding, with a total budget ranging from 40 million to 60 million yuan. The repurchased shares will be used for equity incentives or an employee stock ownership plan, with a maximum repurchase price of 7.95 yuan per share.

On the evening of August 17, several A-share companies including Feiliks, Digital China, and Huali Technology disclosed buyback plans. Feiliks plans to repurchase shares for 40 million to 60 million yuan, to be used for equity incentives or an employee stock ownership plan, at a price not exceeding 7.95 yuan per share. Its semi-annual report released the same day showed first-half revenue of 3.334 billion yuan, up 10.02 percent year on year, while net profit was 24.604 million yuan, down 17.62 percent year on year. Digital China plans to repurchase shares for 200 million to 400 million yuan, to be used for an employee stock ownership plan and/or equity incentive plan, at a price not exceeding 39.72 yuan per share, and has obtained a loan commitment letter from the Shenzhen branch of China Construction Bank. Huali Technology plans to repurchase shares for no less than 10 million yuan and no more than 20 million yuan, to safeguard company value and shareholder interests, at a price not exceeding 21.64 yuan per share.