Hoshine Silicon Industry Co., Ltd. commences an Equity Buyback Plan for CNY 1,000 million worth of its shares, under the authorization approved on December 27, 2023.

Hoshine Silicon Industry Co., Ltd. (SHSE:603260) commences a share repurchases on January 2, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 27, 2023. As per the mandate, the company is authorized to repurchase up to CNY 1,000 million worth of its A shares. The company will repurchase its shares at a price not more than CNY 80.40 per share.

The shares repurchased will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 12 months.