GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) commences share repurchases on July 1, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 24, 2021. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 200 million. The shares will be purchased at a price not exceeding CNY 12 per share.

The repurchase will be funded from company's own funds. The repurchase program is valid for a period of 12 months from shareholders' approval.