Yangzhou Yangjie Electronic Technology Co., Ltd. (SZSE:300373) commences share repurchases on September 1, 2023 under the program mandated by the shareholders in the Extraordinary General Meeting held on August 18, 2023. As per the mandate, the company is authorized to repurchase maximum up to CNY 100 million worth of its own shares. The shares will be repurchased at a price of CNY 58 per share.

The purpose of the program is to implement the company?s equity incentive or ESOP. The plan will be valid for 12 months from the Extraordinary General Meeting