Guizhou Chanhen Chemical Corporation commences an Equity Buyback for CNY 150 million, under the authorization approved on February 23, 2024.

Guizhou Chanhen Chemical Corporation (SZSE:002895) commences share repurchases on February 27, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 150 million. The shares will be purchased at a price not exceeding CNY 19.71 per share.

The repurchased shares will be cancelled and used to reduce the company?s registered capital. The program will be valid for 12 months from the date of the shareholder's meeting.