Shenzhen Kingdom Sci-Tech Co., Ltd (SHSE:600446) commences share repurchases on June 1, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 27, 2022. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 12 per share.

The purpose of the program is to safeguard the interests of investors, enhance investor confidence and to safeguard the company's value. The repurchased shares will be sold within 12 months after the company publishes the repurchase results and share change announcement and within 3 years after the afore mentioned documents are released. If the company fails to do so these shares will then be cancelled.

The program will be funded from company's own funds. The program will be valid for 3 months from the date of the shareholder's meeting.