Ningbo Sanxing Medical Electric Co.,Ltd. (SHSE:601567) commences share repurchases on December 26, 2023, under the program mandated by shareholders in the Extraordinary General Meeting held on December 25, 2023. As per the mandate, the company is authorized to repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at no more than CNY 21 per share.

The purpose of the program is to implement employee stock ownership plan or equity incentive plan. The program will be funded from company's own funds. The authorization will be valid for 6 months.