Monalisa Group CO.,Ltd (SZSE:002918) commences share repurchases on February 8, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 24, 2021. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 220 million. The shares will be purchased at a price not exceeding CNY 31.93 per share.

The source of funds for the repurchase of shares is the company's own funds. The repurchased shares will be used for equity incentives or ESOP. The repurchase program is valid for a period of 12 months from shareholders' approval.