Ningbo Solartron Technology Co.,Ltd. (SHSE:688299) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 35 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The company intends to use its own funds to repurchase its shares. The authorization will be valid for a period of 12 months.