Unilumin Group Co., Ltd commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on March 11, 2024.

Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases on May 8, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on March 11, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 10 per Share.

The shares repurchased will be canceled and the registered capital will be reduced in accordance with the law. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.