Visual China Group Co.,Ltd. (SZSE:000681) commences share repurchases on September 26, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 18, 2023. As per the mandate, the company is authorized to repurchase to repurchase CNY 70 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 25.75 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded out of the company's own funds. The program will be valid till 12 months from the date of approval by shareholders.