A-Zenith Home Furnishings Co., Ltd. (SHSE:603389) commences share repurchases on October 13, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 9, 2021. As per the mandate, the company is authorized to repurchase up to CNY 10 million worth of shares. The shares will be repurchased at a price not more than CNY 7 per share.

The company will use its own funds to repurchase the company's shares. The repurchased shares will be used for the employee ownership plan. The program is valid for 12 months from the date of approval by shareholders.