Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) commences share repurchases on September 5, 2023 under the program mandated by the shareholders in the Extraordinary Shareholders' Meeting held on September 4, 2023. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 5.5 per share.

The repurchased shares will be used to implement employee stock ownership plans or equity incentives. The company plans to use its own funds to repurchase its shares. The authorization is valid for a period of 12 months from the date of approval.