Juewei Food Co., Ltd. commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on February 21, 2024.

Juewei Food Co., Ltd. (SHSE:603517) commences share repurchases on March 1, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on February 21, 2024. As per the mandate, the company is authorized to repurchase up to CNY 300 million worth of its Class A shares. The shares will be repurchased at no more than CNY 35 per share.

The purpose of the program is to reduce share capital of the company. The program will be funded from company's own funds. The authorization will be valid for 12 months.