Hymson Laser Technology Group Co.,Ltd. (SHSE:688559) commences share repurchases on June 9, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 2, 2023. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of shares. The shares will be repurchased at a price of not more than CNY 71.5 per share.

All the shares repurchased this time will be used for employee stock ownership plans or equity incentives at an appropriate time in the future. The source of funds for this share repurchase is all the company's own funds. The program is valid for 12 months from shareholder's approval.