Yusys Technologies Co., Ltd. commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on May 17, 2022.

Yusys Technologies Co., Ltd. (SZSE:300674) ) commences share repurchases on May 30, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 17, 2022. As per the mandate, the company is authorized to repurchase up to CNY 300 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 26.8 per share.

The shares purchased will be used for the company's equity incentive plan or employee ownership share plan. The program will be funded out of the company's own funds and self-raised funds. The program will be valid till 12 months.