Qingdao Huicheng Environmental Technology Group Co., Ltd. (SZSE:300779) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 60 per share. The repurchased shares will be used for employee shareholding plan or as equity incentive. The repurchases will be made from company?s own funds. The authorization will be valid for a period of 12 months.

On May 17, 2024, the company announced that it has adjusted its repurchase price from CNY 60 per share to CNY 42.84 per share. The adjustment will be effective from May 27, 2024.