Henan Shijia Photons Technology Co., Ltd. (SHSE:688313) commences share repurchases on June 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2022. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 16 per share.
The shares purchased will be used for the company's equity incentive plan or stock ownership plans . The program will be funded out of the company's own funds. The program will be valid for 6 months.