Jiangsu Yunyi Electric Co.,Ltd. (SZSE:300304) commences share repurchases on August 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 15, 2023. As per the mandate, the company is authorized to repurchase up to CNY 120 million worth of its shares. he shares will be repurchased at a price of not more than CNY 8 per share.

The shares repurchased this time are intended to be used for the implementation of employee stock ownership plans or equity incentives. The company plans to use its own funds to repurchase the company's shares. T. The program is valid for 12 months.