Zhejiang Sunriver Culture Tourism Co.,Ltd. (SHSE:600576) commences share repurchases on June 6, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 3, 2024. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 60 million. The shares will be purchased at a price not exceeding CNY 8.69 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan; or to convert the company's convertible bonds; or to reduce registered capital; or to maintain the company's value and shareholders' rights and interests. The program will be funded from company's own funds. The program will be valid for 6 months from the date of the shareholder's meeting till December 2, 2024.