Wuxi Delinhai Environmental Technology Co., Ltd. commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on April 22, 2022.

Wuxi Delinhai Environmental Technology Co., Ltd. (SHSE:688069) commences share repurchases on May 12, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 22, 2022. 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 of not more than CNY 46.77 per share.

The program will be funded from over-raised funds. The repurchased shares will be used for employee stock ownership plan or equity incentive. The program is valid till 12 months.