Shanghai Aiyingshi Co.,Ltd commences an Equity Buyback Plan for 2,777,777 shares, representing 1.98% for CNY 50 million, under the authorization approved on March 6, 2024.

Shanghai Aiyingshi Co.,Ltd (SHSE:603214) commences share repurchases on March 12, 2024, under the program mandated by the Annual General Meeting held on March 6, 2024. As per the mandate, the company is authorized to repurchase up to 2,777,777 shares, representing for CNY 50 million worth of its shares. The repurchase price will not more than CNY 20 per Share.

All shares repurchased will be canceled and the company?s registered capital will be reduced. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.

As of March 6, 2024, the company has 140,516,936 shares outstanding.