Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 18 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 5 per share.

The repurchased shares will be used for the later implementation of equity incentives or employee stock ownership plans. The plan will be valid for 3 months.