Qingdao Richmat Intelligence Technology Inc. (SZSE:301320) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 16.56 per share. The shares repurchased this time will be used for equity incentives or employee stock ownership plans. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.

On May 27, 2024, the company announced that it adjusted the upper limit of the repurchase price of shares from CNY 16.56 per share to CNY 16.46 per share. The effective date for adjustment of the upper limit of the share repurchase price is June 3, 2024.