Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (SHSE:600872) commences share repurchases on August 13, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 11, 2021, 2021. As per the mandate, the company is authorized to repurchase up to CNY 600 million worth of its ordinary A shares. The shares will be purchased at a price of not more than CNY 60 per share.

The program will be funded from company's own funds. The shares repurchased will be used for cancellation. The plan will be valid for 12 months, from the date of shareholders approval.