VATS Liquor Chain Store Management Joint Stock Co., Ltd. (SZSE:300755) commences share repurchases on January 15, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 28, 2023. As per the mandate, the company is authorized to repurchase up to CNY 150 million worth of its shares. The repurchase price shall not exceed CNY 29.35 per share.

The repurchased shares will be used for implementation of the employee stock ownership plan or equity incentive plans. The source of funds for repurchase is company's own funds. The program will be valid for 12 months.

As of December 13, 2023, the company had 416,798,400 shares outstanding.