Ningbo KBE Electrical Technology Co.,Ltd. (SZSE:300863) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 60 per Share. The repurchased shares will be used to convert convertible bonds issued by the company. The repurchases will be funded using company's own funds or self-raised funds. The repurchase period will be not more than 3 months.

On May 29, 2024, the company announced that it adjusted the upper limit of the repurchase price of shares from CNY 60 per share to CNY 42.50 per share. The effective date for adjustment of the upper limit of the share repurchase price is June 6, 2024.