Hangzhou Lion Electronics Co.,Ltd (SHSE:605358) commences share repurchases on February 28, 2024, under the program mandated by the shareholders in the Annual General Meeting held on February 26, 2024. As per the mandate, the company is authorized to repurchase up to CNY 120 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 30per share.

The program will be valid for 6 months.