Ningbo Bird Co.,Ltd. (SHSE:600130) commences share repurchases on June 24, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 13, 2024. As per the mandate, the company is authorized to repurchase to repurchase up to CNY 80 million worth of its shares. The repurchase price will not more than CNY 5 per Share.

The repurchased shares will be used for reduction of registered capital. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.