Shanghai Stonehill Technology Co., Ltd. (SZSE:002195) commences share repurchases on May 27, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 15, 2024. As per the mandate, the company is authorized to repurchase up to CNY 120 million worth of its shares. The repurchase price shall not exceed CNY 4.39 per share.

The repurchased shares will be used to reduce the company's registered capital and will be cancelled. The repurchases will be funded using company's own funds. The repurchase period will be not more than 6 months.