Zhejiang Jasan Holding Group Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on November 23, 2022.

Zhejiang Jasan Holding Group Co., Ltd. (SHSE:603558) commences share repurchases on November 29, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 23, 2022. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not exceeding CNY 13.55 per share.

The repurchases will be funded using the company's own funds. The repurchase program will be valid for 12 months from the date of approval of the repurchase plan at the general meeting of shareholders.