Sunwoda Electronic Co.,Ltd (SZSE:300207) commences share repurchases on October 27, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 19, 2023. As per the mandate, the company is authorized to repurchase not more than CNY 200 million worth of its own shares. The shares will be repurchased at a price of not more than CNY 20 per share.

The plan will be valid for 12 months from the shareholders' meeting.