Shenzhen SDG Information Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on May 12, 2022.

Shenzhen SDG Information Co., Ltd. (SZSE:000070) commences share repurchases on May 20, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase not more than CNY 200 million worth of its shares. The repurchase price will not be exceeded than the CNY 7.33 per share.

The program will be funded using the company's own funds. The repurchased shares will be used for the subsequent implementation of equity incentives or employee stock ownership plans. The program will be valid for a period of 12 months from the date when the general meeting considers and approves the share repurchase plan.