Qu Mei Home Furnishings Group Co.,Ltd (SHSE:603818) commences a share repurchases on March 5, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 26, 2024. As per the mandate, the company is authorized to repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of CNY 7 per share.

The shares repurchased will be canceled to reduce the company's registered capital. The program will be valid for a period of 3 months after approval at the shareholders? meeting.