Zhejiang Guangsha Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 22, 2019.

Zhejiang Guangsha Co., Ltd. (SHSE:600052) commences share repurchases on February 22, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2019. As per the mandate, the company is authorized to repurchase its own shares for not more than CNY 200 million. The shares will be purchased at a price not exceeding CNY 4.4 per share. The repurchase program is valid for a period of 12 months from shareholders' approval. On January 16, 2020, the company announced that the shares will be purchased at a price not exceeding CNY 6.6 per share.