Guangdong Lingxiao Pump Industry Co.,Ltd. commences an Equity Buyback Plan for CNY 150 million worth of its shares, under the authorization approved on October 30, 2018.

Guangdong Lingxiao Pump Industry Co.,Ltd. (SZSE:002884) commences share repurchases on November 30, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on October 30, 2018. As per the mandate, the company is authorized to repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not exceeding CNY 25 per share. The repurchase program will be valid for 6 months from the date of shareholders approval of the plan.