Zhejiang Hangmin Co.,Ltd commences an Equity Buyback Plan for 30,000,000 shares, under the authorization approved on September 23, 2021.

Zhejiang Hangmin Co.,Ltd (SHSE:600987) commences share repurchases on September 29, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 23, 2021. As per the mandate, the company is authorized to repurchase up to 30,000,000 shares. The shares will be repurchased at a price not more than CNY 7.28 per share. The authorization will be valid for a period of 12 months.