Baoding Dongli Machinery Co.,Ltd. (SZSE:301298) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its class A shares. The shares will be repurchased at no more than CNY 20 per share.

The purpose of the program is to use shares for equity incentives plan. The plan will be valid for 12 months.