Zhejiang Yunzhongma Co.,Ltd. commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on February 23, 2024.

Zhejiang Yunzhongma Co.,Ltd. (SHSE:603130) commences share repurchases on March 11, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at no more than CNY 25 per share.

The purpose of the program is to effectively safeguard the company's value and the interests of investors, enhance investor confidence, and promote the company's stable and healthy development. The program will be funded from company's own funds. The shares repurchased will be used for cancellation and corresponding reduction of the company?s registered capital.

The authorization will be valid for 12 months.