Shandong Taihe Technologies Co., Ltd. (SZSE:300801) commences share repurchases on February 23, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 19, 2024. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 40 million. The shares will be purchased at a price not exceeding CNY 18 per share.

The purpose of the program is to maintain the company's value and shareholders' rights. The repurchased shares will be sold. The repurchase will be funded from company's own funds.

The repurchase program is valid for a period of 3 months from shareholders' approval.