Sichuan Meifeng Chemical Industry Co., Ltd. (SZSE:000731) commences share repurchases on May 23, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2023. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 95 million. The shares will be purchased at a price not exceeding CNY 11.45 per share. The repurchased shares will be cancelled thereby reducing the registered capital. 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.

On July 18, 2023, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 11.28 per share.