Yunnan Baiyao Group Co.,Ltd (SZSE:000538) commences share repurchases on May 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2022. As per the mandate, the company is authorized to repurchase not more than CNY 1,119.42 million worth of its shares. The repurchase price will not be exceeded than the CNY 124.38 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.