Chongqing Sanfeng Environment Group Corp., Ltd. (SHSE:601827) commences a share repurchases on December 29, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 14, 2023. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The purpose of the program is to maintain the company's value and protect the rights and interests of investors.

All the shares repurchased under the plan will be canceled to reduce the registered capital. The funds used for the repurchases are all the company's own funds. The shares will be repurchased at a price not more than CNY 10.8 per share.

The authorization will be valid for a period of 12 months from the shareholders' approval date.