Guangxi Wuzhou Zhongheng Group Co.,Ltd (SHSE:600252) commences share repurchases on April 16, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 28, 2024. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 200 million. The shares will be purchased at a price not exceeding CNY 3.34 per share.

The purpose of the program is to enhance investor?s confidence in the company, promote the reasonable return of the company's stock value, and safeguard the interests of investors, especially small and medium-sized investors. The repurchased shares will be used to implement equity incentives. If the company fails to implement equity incentives within 36 months after the completion of this repurchase, the shares repurchased by the company will be cancelled in accordance with the law.

The program will be funded from company's own funds. The program will be valid for 6 months from the date of the shareholder's meeting.