Henan Tong-Da Cable Co., Ltd. (SZSE:002560) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price of not more than CNY 11.26 per share.

The repurchased shares will be used for implementation of equity incentives or employee stock ownership plans. The program will be valid for 12 months from the date of approval.