Hebei Yangyuan ZhiHui Beverage Co., Ltd. (SHSE:603156) commences share repurchases on October 28, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 2, 2024. As per the mandate, the company is authorized to repurchase up to 10,000,000 common shares. The shares will be repurchased at a price of not more than CNY 25 per share.

The purpose of the program is to safeguard the interests of investors, enhance investor confidence, and comprehensively consider the company's operating conditions, financial status and development strategy. The shares repurchased will be canceled in accordance with the law and the company's registered capital will be reduced. The program will be funded out of the company's own funds.

The program will be valid till 12 months from the date of approval by shareholders.