Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) commences share repurchases on January 18, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on December 29, 2023. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 600 million. he shares will be purchased at a price not exceeding CNY 4.43 per share.

The purpose of the program is to promote the company?s stock value to return to a reasonable level and to protect the company and its investments, especially small and medium-sized enterprises. The repurchased shares will be cancelled for reducing the registered capital. TThe repurchase will be funded from company's own or self-raised funds.

The repurchase program is valid for a period of 12 months from shareholders' approval.