Orient Group Incorporation commences an Equity Buyback Plan for CNY 600 million worth of its shares, under the authorization approved on March 25, 2022.

Orient Group Incorporation (SHSE:600811) commences a share repurchases on February 28, 2023, under the program mandated by the shareholders in the Extraordinary general meeting held on March 25, 2022. As per the mandate, the company is authorized to repurchase up to CNY 600 million worth of its shares. The shares will be purchased at a price not exceeding CNY 4.5 per share.

The repurchased shares will be used to cancel the registered capital according to law. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the approval.