Shenzhen Genvict Technologies Co., Ltd. (SZSE:002869) commences share repurchases on June 2, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 24, 2022. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 140 million. The shares will be purchased at a price not exceeding CNY 19.4 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.