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Xingbo Co., Ltd. (003038.SZ): Received notification of designated supply from a domestic leading auto enterprise and its holding subsidiary.
On November 19, Glory Union announced that Xinpob shares (003038.SZ) recently received a notice from a leading domestic auto enterprise and its subsidiary (the specific name of the client cannot be disclosed due to a confidentiality agreement, hereinafter referred to as "client"). The client has chosen the company as a supplier of components such as the front cabin reinforcement assembly and front collision beam assembly, responsible for the custom development and delivery of the above products. According to the client's plan, mass production of the aforementioned project is expected to begin in June 2025, with a five-year lifecycle, and the total sales amount over the lifecycle is estimated to be RMB 0.88 billion.
Express News | Xinbo Co., Ltd.: Received model designation notification from the customer, with an estimated total sales amount of 0.88 billion yuan over a 5-year lifecycle.
Express News | Xinbo shares: Received designated notice of 0.88 billion yuan.
Express News | Summary of the midday announcement on November 18: Xinbo Co., Ltd. provides the highest amount of guarantee for its subsidiary's credit limit application to banks.
Xinbo Stock (003038.SZ): Plans to invest 0.07 billion yuan to 0.12 billion yuan in repurchasing shares.
On Nov 12th, Xinbo shares (003038.SZ) announced that the company plans to use its own funds and special loan funds to repurchase some of the company's shares through centralized bidding trade (referred to as "this repurchase"), with a total repurchase amount of RMB 70 million to 120 million. The price of the repurchased shares shall not exceed RMB 22.05 per share (inclusive). The implementation period of the repurchase shall be within 12 months from the date of approval of this repurchase plan by the board of directors. The repurchased shares will be used for the company's stock-based incentive or employee stock ownership plan. Based on the maximum repurchase price of RMB 22.05 per share, it is estimated
Xinbo Co., Ltd.: Report for the third quarter of 2024
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