Zhejiang Jasan Holding Group Co., Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 22, 2024.

Zhejiang Jasan Holding Group Co., Ltd. (SHSE:603558) commences share repurchases on February 28, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not exceeding CNY 14.03 per share.

The repurchases will be funded using the company's own funds. The shares repurchased this time will be used to reduce the company?s registered capital (cancel shares). The repurchase program will be valid for 12 months from the date of approval of the repurchase plan at the general meeting of shareholders.