Hangzhou Wensli Silk Culture Co., Ltd. (SZSE:301066) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15 per share. The repurchased shares will be used for employee stock ownership plans and equity incentives. The program will be valid for a period of 12 months.

On June 28, 2023, the company announced that it has adjusted its share repurchase price from no more than CNY 15 per share to CNY 20 per share.