Bright Oceans Inter-Telecom Corporation (SHSE:600289) commences a share repurchases on March 3, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 29, 2021. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of CNY 5.13 per share.

The authorization is valid till June 28, 2022.