Shengyi Electronics Co., Ltd. (SHSE:688183) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 150 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 13.13 per share.

The repurchases will be funded from own funds. The repurchased shares will be used for equity incentive or as employee shareholding plan. The plan will be valid for 12 months.