Beijing Shengtong Printing Co., Ltd commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on February 18, 2022.

Beijing Shengtong Printing Co., Ltd (SZSE:002599) commences share repurchases on March 16, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 18, 2022. As per the mandate, the company is authorized to repurchase not more than CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 9 per share.

The program will be valid for 12 months from the Directorate's approval date.