Zhuhai Port Co.,Ltd. (SZSE:000507) commences share repurchases on November 28, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 28, 2022. As per the mandate, the company will repurchase up to CNY 160 million worth of its common stock. The shares will be repurchased at a price of CNY 8 per share.

The purpose of the program is to use repurchased shares for equity incentives or employee stock ownership plans. The source of funds for the share repurchase is all the company's own funds. The program is valid till 12 months from the date when the company's general meeting of shareholders considers and approves the share repurchase plan.