Sunvim Group Co.,Ltd (SZSE:002083) commences share repurchases on June 5, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 2, 2023. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 400 million. The shares will be purchased at a price not exceeding CNY 6.6 per share.

The purpose of the program is to reduce registered capital, which is conducive to maintaining the company's image in the capital market, protecting the interests of investors, and further enhancing investors' confidence in the company. The program will be funded from the company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.