Zhejiang Yankon Group Co., Ltd. (SHSE:600261) commences share repurchases on February 21, 2024, under the program mandated by the Extraordinary General Meeting held on February 6, 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 of not more than CNY 4.92 per share.

The shares will be used to reduce the Company?s registered capital.