SCIENTECH (02291) has announced that the Chairman of the company's Board of Directors has proposed the adoption of a plan (the Proposed H-Share Buyback Plan). Under this plan, the company may, depending on market conditions and from time to time, repurchase its H-shares on the open market, based on the general mandate for H-share repurchases to be approved by the company's shareholders at a general meeting (the Proposed Buyback Mandate). It is currently estimated that under the Proposed H-Share Buyback Plan, the company will utilize up to RMB 100 million to repurchase a maximum of 5.5 million H-shares on the open market.
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