Hangzhou Haoyue Personal Care Co., Ltd commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on October 29, 2021.

Hangzhou Haoyue Personal Care Co., Ltd (SHSE:605009) commences a share repurchases on December 6, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on October 29, 2021. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at the price of CNY 75 per share.

The shares will be repurchased using company's own funds. The authorization will be valid for a period of 6 months from the date of approval.