Jilin Jlu Communication Design Institute Co.,Ltd. commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on February 22, 2024.

Jilin Jlu Communication Design Institute Co.,Ltd. (SZSE:300597) commences share repurchases on February 27, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 12.71 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives or to maintain the company's value and shareholder rights. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.

As of February 27, 2024, the company had 272,570,030 shares outstanding.