Liaoning Cheng Da Co., Ltd. commences share repurchases on July 26, 2022, under the program mandated by the Annual General Meeting held on May 31, 2022. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 22.07 per share.

The repurchases will be funded by company's own funds. The purpose of the program is implementing equity incentive plan. The plan will be valid for 12 months.