Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385) commences share repurchases on March 4, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 19, 2024. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 8.32 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.

As of January 30, 2024, the company had 4,136,082,853 shares outstanding.