Shenzhen Easttop Supply Chain Management Co., Ltd. commences an Equity Buyback Plan for CNY 36 million worth of its shares, under the authorization approved on October 8, 2021.

Shenzhen Easttop Supply Chain Management Co., Ltd. (SZSE:002889) commences share repurchases on October 8, 2021, under the program mandated by the Extraordinary General Meeting held on October 8, 2021. As per the mandate, the company is authorized to repurchase up to CNY 36 million worth of shares. The shares will be repurchased at a price of no more than CNY 30 per share.

The repurchases will be sourced from the company's own funds. The repurchased shares will be used to implement equity incentive plan or employee stock ownership plan. The plan will expire within 6 months from the date when the repurchase plan is approved by the general meeting of shareholders.