Shenzhen Leo-King Environmental Group Company Limited (SZSE:301305) commences share repurchases on April 3, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on March 15, 2024. As per the mandate, the company is authorized to repurchase up to CNY 110 million worth of its shares. The shares will be repurchased at no more than CNY 22.8 per share.

The purpose of the program is to reduce the share capital of the company by cancelling all repurchased shares. The program will be funded from company's own funds and the excess funds obtained from the initial public offering of RMB ordinary shares. The authorization will be valid for 12 months.