Changzhou Langbo Sealing Technologies Co.,Ltd. (SHSE:603655) announces a share repurchase program. Under the program, the company will repurchase up to CNY 8 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18.50 per share.

The purpose of repurchase program is to reduce registered capital, to use the repurchased shares for employee stock ownership plans or equity incentives, to be used to convert the company's convertible bonds, to maintain the company's value and shareholders' rights and interests. If the company fails to use the repurchased shares for the said purpose within 3 years after the completion of the repurchase program, the unused shares will be cancelled. The program will be funded from company's own funds.

The authorization will be valid for a period of 3 months.