Bestway Marine & Energy Technology Co.,Ltd (SZSE:300008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 6.02 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The program is valid for 12 months.