Wangfujing Group Co., Ltd. (SHSE:600859) commences share repurchases on May 24, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2024. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The repurchase price will not more than CNY 17.50 per Share.

The repurchased shares will be used to reduce the company's registered capital. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.