Shanghai Menon Animal Nutrition Technology Co., Ltd. (SZSE:301156) commences a share repurchases on March 13, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 26, 2024. As per the mandate, the company is authorized to repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 23 per share.

The company will repurchase its shares for cancellation and corresponding reduction of registered capital. The program will be valid for a period of 12 months from the date of approval.