Guoanda Co., Ltd. (SZSE:300902) commences share repurchases on April 1, 2024, under the program mandated by the shareholders in the Annual General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 31.27 per share.

The program will be sourced out of company's own funds. The purpose of the program is to enhance company's long-term value and promote the company's sustainable and healthy development. The program will be valid for 12 months.