Hangjin Technology Co., Ltd. commences an Equity Buyback Plan for CNY 400 million worth of its shares, under the authorization approved on February 23, 2024.

Hangjin Technology Co., Ltd. (SZSE:000818) commences a share repurchases as of March 31, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 400 million worth of its A shares. The shares will be repurchased at price no more than 37.95 per share.

The repurchased shares will be used for employee shareholding plan or equity incentive. The company will use its own funds or self-raised funds to repurchase its shares. The program will be valid for 12 months.