Jinglv Environment Science and Technology Co., Ltd (SZSE:001230) commences share repurchases on February 7, 2024, under the program mandated by Extraordinary Shareholder's Meeting held on January 5, 2024. As per the mandate, the company is authorized to repurchase up to CNY 10 million worth of its shares. The shares will be repurchased at no more than CNY 34 per share.

The purpose of the program is to to safeguard the interests of investors and enhance investor confidence. The shares repurchased will be used for employee stock ownership plans or equity incentives. If the company fails to use the shares for the said purpose within three years of the completion of the plan, the unused shares will be cancelled.

The program will be funded from company's own funds. The authorization will be valid for 12 months.