Qingdao Sentury Tire Co., Ltd. (SZSE:002984) commences share repurchases on March 1, 2024, under the program mandated by the shareholders in the Annual General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 250 million worth of its shares. The repurchase price will not more than CNY 35 per Share.

The repurchased shares will be used for cancellation and reduction of registered capital. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.