Wedge Industrial Co.,Ltd. (SZSE:000534) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 500 million worth of its shares. The shares will be repurchased at a price of not more than CNY 16 per share. The repurchased shares will be used for ESOP or equity incentives. The plan will be valid for 12 months from the Board of Directors' approval.

On August 30, 2023, the company announced that from August 29, 2023, the repurchase price in the company's share repurchase plan will be adjusted from not exceeding CNY 16 per share (inclusive) to not exceeding CNY 15.95 per share (inclusive).