Jinlei Technology Co., Ltd. (SZSE:300443) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The repurchase price will not more than CNY 31 per Share.

The repurchased shares will be used to safeguard the company's value and shareholders' rights. All repurchased shares will be canceled and the company's registered capital will be reduced accordingly. The repurchases will be funded using company's own funds.

The repurchase period will be not more than 3 months.