Nuode Investment Co.,Ltd (SHSE:600110) commences share repurchases on June 6, 2022 , under the program mandated by the shareholders in the Annual General Meeting held on May 10, 2022. As per the mandate, the company is authorized to repurchase up to CNY 150 million worth of its shares. The shares will be purchased at a price not exceeding CNY 10.94 per share.

The repurchased shares will be used as a stock source for the company to implement equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.