Shenzhen MinDe Electronics Technology Ltd. (SZSE:300656) commences share repurchases on February 28, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 19, 2024. As per the mandate, the company is authorized to repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 34.11 per Share.

The repurchases will be funded using company's own funds. All shares repurchased will be canceled and the registered capital will be reduced. The repurchase period will be not more than 12 months.

As of January 29, 2024, the company had 172,634,672 shares outstanding.