KraussMaffei Company Limited (SHSE:600579) commences a share repurchases on August 11, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2023. Under the program, the company will repurchase up to CNY 9.05 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.57 per shares.

The shares will be repurchased to replace dividend commitment. The program will expire on December 11, 2023.