Guangdong Create Century Intelligent Equipment Group Corporation Limited commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on March 31, 2021.

Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) commences a share repurchases on April 20, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 31, 2022. As per the mandate, the company is authorized to repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price of CNY 19.70 per share.

The funds for the share repurchase are all the company's own funds or self-raised funds. The repurchased shares will be used for employee stock ownership plan or equity incentive plan. The authorization will be valid for a period of 12 months.