Jiangyin Pivot Automotive Products Co., Ltd. (SZSE:301181) commences share repurchases on April 17, 2024, under the program mandated by Extraordinary General Meeting held on March 29, 2024. As per the mandate, the company is authorized to repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at no more than CNY 30 per share.

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

The authorization will be valid for 12 months.