Zhejiang Yankon Group Co., Ltd. commences an Equity Buyback Plan for CNY 300 million worth of its shares, under the authorization approved on May 18, 2021.

Zhejiang Yankon Group Co., Ltd. (SHSE:600261) commences share repurchases on June 16, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2021. As per the mandate, the company is authorized to repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of not more than CNY 5.85 per share.

The purpose of the program is to safeguard the interests of investors and enhance public investors' confidence in the company's investment. The source of funds is the company's own funds. The authorization will be valid for a period of 12 months.