Sailun Group Co., Ltd. (SHSE:601058) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its shares. The shares will be purchased at a price not exceeding CNY 13.50 per share. The purpose of the program is to improve the company's long-term incentive mechanism, effectively combine the interests of shareholders and employees. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months.

On June 7, 2023, the company announced that after the 2022 profit distribution, the company adjusted the maximum repurchase price from not more than CNY 13.50 per share to not more than CNY 13.35 per share.