Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (SHSE:688011) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of shares. The shares will be repurchased at a price of not more than CNY 39 per share.

The shares purchased will be used for the company's equity incentives. The program will be valid for 12 months.