Limin Group Co.,Ltd. (SZSE:002734) commences a share repurchases on February 22, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 180 million worth of its shares. The shares will be repurchased at a price not more than CNY 11.52 per share.

The purpose of the plan is to use the repurchased shares for employee stock ownership plans or equity incentive plans. If the company fails to use the shares for said purpose, the unused shares will be cancelled. The company will use its own funds to repurchase its shares.

The authorization will valid for a period of 12 months from the date of shareholders approval.