Yantai North Andre Juice Co.,Ltd. (SEHK:2218) commences share repurchases on June 6, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2024. As per the mandate, the company is authorized to repurchase up to 7,846,400 H shares, representing 2.25% of its issued share capital. Any repurchase will be made out of company?s internal resources legally available for such purpose.

The purpose of the program is to enhance the net asset value and/or earnings per share of the company. The repurchased shares will be cancelled. The authority shall expire at the earliest of the next Annual General Meeting or the expiration of a period of twelve months following the passing of the relevant special resolution at the Special General Meeting, the class meeting for holders of A shares and the class meeting for holders of H shares or the date on which the authority conferred by the relevant special resolution is revoked or varied.

As of April 30, 2024, the company had 349,000,000 shares in issue, which consists of 78,464,000 class H shares and 270,536,000 class A shares.