Sichuan Meifeng Chemical Industry Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on May 23, 2024.

Sichuan Meifeng Chemical Industry Co., Ltd. (SZSE:000731) commences share repurchases on May 23, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2024. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 9.74 per share.

The repurchased shares will be cancelled thereby reducing the registered capital. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.