Guangzhou Sie Consulting Co., Ltd. (SZSE:300687) commences share repurchases on June 22, 2022, under the program mandated by the shareholders in the Annual General Meeting of Shareholders held on May 20, 2022. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of shares. The shares will be repurchased at a price of CNY 28.89 per share.

The repurchases will be made using own funds of the company. The repurchased shares will be used for the implementation of equity incentives plan or employee stock ownership plan. The program is valid for 12 months.