Ocean's King Lighting Science & Technology Co., Ltd (SZSE:002724) commences share repurchases on January 23, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on January 10, 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 12.17 per share.

The program will be funded from company's own funds. The authorization will be valid for 12 months.