Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) commences share repurchases on November 4, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting of Shareholders held on November 1, 2022. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 60 million. The shares will be purchased at a price not exceeding CNY 19.38 per share.

The repurchase will be funded from company's own funds. The repurchased shares will be cancelled in accordance with the law and the registered capital of the company will be reduced The repurchase program is valid for a period of 12 months from shareholders' approval.