Guangdong Tengen Industrial Group Co.,Ltd. (SZSE:003003) commences share repurchases on April 8, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 20, 2024. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 20 million. The shares will be purchased at a price not exceeding CNY 11 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan and to maintain the company's value and shareholder rights. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.