Shenzhen Rapoo Technology Co., Ltd. commences an Equity Buyback Plan for CNY 15 million worth of its shares, under the authorization approved on April 19, 2024.

Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) commences share repurchases on May 13, 2024, under the program mandated by shareholders in the Annual General Meeting held on April 19, 2024. As per the mandate, the company is authorized to repurchase up to CNY 15 million worth of its shares. The shares will be repurchased at no more than CNY 20.5 per share.

The purpose of the program is to reduce the share capital of the company. The repurchased shares will be cancelled. The program will be funded from company's own funds.

The authorization will be valid for 12 months.