Xiamen Kingdomway Group Company commences an Equity Buyback for CNY 200 million worth of its shares under the authorization approved on November 27, 2018.

Xiamen Kingdomway Group Company (SZSE:002626) commences share repurchases on January 2, 2019, under the program mandated by the shareholders in the Annual General Meeting held on November 27, 2018. As per the mandate, the company is authorized to repurchase for not less than CNY 100 million worth of its shares and not more than CNY 200 million worth of its shares. The repurchase price will not exceed CNY 12 per share. The plan is valid for 12 months from the date of shareholders' approval. On October 9, 2019, The company has changed the repurchase price CNY 12 per share to CNY 21 per share.