Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of shares. The shares will be repurchased at a maximum price of CNY 55.08 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from own funds of the company. The program will run for 12 months from the date of approval by the board.

On March 21, 2022, the company announced that starting from March 23, 2022, the share repurchase price of the company has been adjusted from CNY 55.08 per share to CNY 42.23 per share.