Zhengzhou Qianweiyangchu Food Co., Ltd. commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on May 17, 2024.

Zhengzhou Qianweiyangchu Food Co., Ltd. (SZSE:001215) commences share repurchases on May 20, 2024, under the program mandated by shareholders in the Annual General Meeting held on May 17, 2024. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 61.9 per share.

The purpose of the program is to reduce share capital of the company. The repurchased shares will be cancelled. The program will be funded from company's own funds.

The authorization will be valid for 12 months.