WPG (Shanghai) Smart Water Public Co., Ltd. (SHSE:603956) commences share repurchases on February 4, 2021, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on February 1, 2021. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its class A shares. The shares will be repurchased at a price not more than CNY 18 per share. The program will be funded out of the company's own funds. The shares will be repurchased for equity incentives plans. The program will be valid earlier of 3 months from the shareholders' approval or it reaches the maximum limit and the repurchase plan is completed, unless terminated by the board earlier.