Yangzhou Seashine New Materials Co.,Ltd. (SZSE:300885) commences share repurchases on April 16, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 6, 2024. As per the mandate, the company is authorized to repurchase up to CNY 40 million worth of shares. The shares will be repurchases at a price not more than CNY 12.09 per share.

The shares repurchased this time will be used for cancellation and corresponding reduction of the company's registered capital. The program is valid till 12 months.