Beijing Hezong Science & Technology Co.,Ltd. (SZSE:300477) commences share repurchases on December 18, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 10, 2022. As per the mandate, the company is authorized to repurchase shares up to CNY 40 million worth of its class A shares. The shares will be repurchased at a price of CNY 8.4 per share. The repurchase shares ill be used for employee stock ownership plan or equity incentive. The program is valid for 12 months.

On November 28, 2023, the company announced that it has extended its plan duration till July 10, 2024, subject to shareholder's approval.

On December 8, 2023, the shareholders of the company approved the extension.