Jinzhou Yongshan Lithium Co., Ltd. (SHSE:603399) commences a share repurchases on February 29, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.64 per share.

The repurchased share will be used for employee stock ownership plan and equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.