Jiangsu Xiechang Electronic Technology Group Co., Ltd. (SZSE:301418) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 20 million worth of its shares. The shares will be repurchased at a price of not more than CNY 61.22 per share.

The repurchased shares will be used to implement equity incentive or as employee shareholding plan. The repurchases will be funded from excess funds from the company?s IPO. The plan will be valid for 12 months.