Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (SHSE:600872) commences share repurchases on June 9, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 1, 2021. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 600 million. The shares will be purchased at a price not exceeding CNY 60 per share. The repurchase will be funded from company's own funds. The repurchased shares will be used for equity incentives. The repurchase program is valid for a period of 12 months from shareholders' approval.