Hefei Taihe Intelligent Technology Group Co.,Ltd. (SHSE:603656) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 14.5 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The plan will be valid for 6 months.