Chinasoft International Ltd (CFTLF)

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China Software International (00354) intends to repurchase shares in the market.

Source
https://finance.sina.com.cn/stock/hkstock/ggscyd/2022-04-11/doc-imcwiwst1237485.shtml

April 11, 2022 20:23 Zhitong Financial Network

China Software International (00354) announced that according to the resolution passed by the company's shareholders at the annual general meeting held on May 18, 2021, the company's board of directors was granted a general mandate to repurchase the company's shares, The number does not exceed 10% of the company's total issued shares on May 18, 2021, i.e. a maximum of 290.6 million shares are repurchased.

On March 30, 2022, the board of directors formally resolved to exercise the above-mentioned share repurchase mandate, so that the share repurchase mandate in 2021 will expire in 2021 (i.e., before May 18, 2022). repurchase shares.

[b[color=green]]The announcement stated that the proposed share repurchase reflects the board's confidence in the company's long-term strategy and development. The Board believes that the proposed share repurchase is in the overall best interests of the company and its shareholders.[/color]