Tianjin Yiyi Hygiene Products Co.,Ltd (SZSE:001206) commences share repurchases on September 19, 2023, under the program mandated by shareholders in the Extraordinary General Meeting held on September 11, 2023. As per the mandate, the company is authorized to repurchase CNY 50 million worth of its shares. The maximum price to be paid for repurchase is CNY 22 per share.

The repurchased shares will be used for equity incentives or ESOP. The program will be valid for 12 months.