Beijing Teamsun Technology Co.,Ltd. commences an Equity Buyback for CNY 100 million worth of its shares, under the authorization approved on March 17, 2021.

Beijing Teamsun Technology Co.,Ltd. (SHSE:600410) commences share repurchases on April 1, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 17, 2021. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its ordinary A shares. The shares will be repurchased at a price of not more than CNY 10 per share.

The repurchased shares are intended to be used for equity incentives. If the company fails to implement equity incentives within three years after the completion of the share repurchase, the unimplemented shares will be cancelled according to law. The program will be funded from company's own funds.

The plan will be valid for 12 months, from the date of approval.