Jiaxin Silk (002404): Repurchase Part Of The Company's Public Stock

In September 2nd, Jiaxin silk (securities code: 002404) announced that the company held the twenty-second session of the seventh board of directors and the thirteenth meeting of the seventh supervisory board in June 20, 2019, and deliberated and adopted the motion on repurchasing part of the social public stock by means of centralized bidding. The company intends to use its own funds to repurchase part of the public stock of the company in the form of centralized bidding for equity incentive or ESOP. The total amount of the repurchase fund is no less than (50 million yuan), not exceeding (100 million yuan), and the repurchase price does not exceed (RMB) 7.5 yuan / share. The period for the implementation of the share repurchase is within 12 months from the date when the board of directors deliberated and adopted the repurchase share scheme.

The announcement shows that as of August 31, 2019, the company has accumulated a total of 5346904 shares of the repurchase company's shares through a centralized bidding transaction through the repurchase of special securities account, accounting for about 0.93% of the total share capital of the company. The highest transaction price is 5.81 yuan / share, and the lowest transaction price is 5.42 yuan / share, the total transaction amount is 29996800.9 yuan (excluding transaction costs). The repurchase accords with the requirements of relevant laws and regulations, and meets the established buyback plan.