Shanghai Shine-Link International Logistics Co., Ltd. (SHSE:603648) commences share repurchases on December 9, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 18, 2021. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of shares. The shares will be repurchased at a price of not more than CNY 10 per share.

The repurchased shares will be used to reduce the company's registered capital. The program will be funded from the company's own funds. The program is valid till March 31, 2022.