Jiangsu Wuyang Automation Control Technology Co., Ltd. (SZSE:300420) commences a share repurchases on April 15, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price of CNY 3.5 per share.

The shares repurchased will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 12 months from the shareholders? approval date.