Antong Holdings Co., Ltd. (SHSE:600179) commences share repurchases on June 2, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 20, 2022. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 750 million. The shares will be purchased at a price not exceeding CNY 5.34 per share.

The repurchase will be funded from company's own or self-raised funds. The repurchase program is valid for a period of 12 months from shareholders' approval.