AUPU Home Style Corporation Limited commences an Equity Buyback Plan for CNY 150 million worth of its shares, under the authorization approved on February 22, 2024.

AUPU Home Style Corporation Limited (SHSE:603551) commences share repurchases on March 19, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 150 million. The shares will be purchased at a price not exceeding CNY 15 per share.

The repurchased shares will be cancelled thereby reducing the registered capital. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.