Guangdong Guanhao High-Tech Co., Ltd. (SHSE:600433) commences share repurchases on September 4, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 15, 2023. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 400 million. The shares will be purchased at a price not exceeding CNY 5 per share.

The repurchased shares will be used for cancellation and reduction of registered capital. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.