Electric Connector Technology Co., Ltd. (SZSE:300679) commences share repurchases on February 15, 2022, under the program mandated by the shareholders in the Extraordinary Shareholders General Meeting held on February 14, 2022. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its Class A shares. The repurchased shares will be used for equity incentives or employee stock ownership plans.

The shares will be repurchased at a price of CNY 78.03 per share. The repurchase program is valid for a period of 12 months from shareholders' approval.