Anhui Yingliu Electromechanical Co., Ltd. (SHSE:603308) commences share repurchases on December 1, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 14, 2023. As per the mandate, the company is authorized to repurchase to repurchase up to CNY 100 million worth of its shares. The repurchase price not more than CNY 20 per share.

Repurchases will be funded by company?s own funds. Shares repurchased will be cancelled to reduce registered capital. The program will be valid for 12 months.