Zhejiang Shuanghuan Driveline Co.,Ltd. commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on November 22, 2023.

Zhejiang Shuanghuan Driveline Co.,Ltd. (SZSE:002472) commences share repurchases on December 5, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 22, 2023. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 28 per share.

The repurchased shares will be cancelled to reduce registered capital. The program will be valid for 6 months.