Camelot Electronics Technology Co.,Ltd. (SZSE:301282) commences share repurchases on April 8, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on March 14, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at no more than CNY 25 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. If the company fails to use the repurchased shares within 3 years of the completion of the program, the unused shares will be cancelled. The program will be funded from company's own funds.

The authorization will be valid for 12 months.