HUANLEJIA Food Group CO.,Ltd commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 22, 2024.

HUANLEJIA Food Group CO.,Ltd (SZSE:300997) commences share repurchases on February 22, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase to repurchase CNY 200 million worth of its common shares. The shares will be purchased at a price not exceeding CNY 18 per share.

The purpose of the program is to reduce registered capital. The repurchased shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.