Greenworks (Jiangsu) Co., Ltd. (SZSE:301260) commences share repurchases on July 4, 2024, under the program mandated by shareholders in the Annual General Meeting held on May 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at no more than CNY 18 per share.

The Company intends to use the over-subscribed funds obtained from the initial public offering of CNY common shares (shares), the company's own funds or self-raised funds. The authority will be valid for 12 months.