Lets Holdings Group Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on March 5, 2024.

Lets Holdings Group Co., Ltd. (SZSE:002398) commences share repurchases on March 6, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 5, 2024. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 5.10 per Share.

The repurchased shares will be used to cancel and reduce registered capital and subsequently implement employee stock ownership plans or equity incentive plans. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.

As of February 19, 2024, the company had 713,622,908 shares outstanding.