Guangdong Dongfang Precision Science & Technology Co., Ltd. (SZSE:002611) commences share repurchases on February 17, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 30, 2023. As per the mandate, the company is authorized to repurchase not more than CNY 200 million worth of its class A shares. The shares will be repurchased at a price not exceeding CNY 6.25 per share.

All the shares repurchased this time will be used for cancellation to reduce the company's registered capital. The repurchases will be funded from the company's own funds. The program will run over a period of 12 months from shareholders' approval.