Triductor Technology (Suzhou) Inc. (SHSE:688259) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of shares. The shares will be repurchased at a price of not more than CNY 75 per share.

The shares purchased will be used for the company's equity incentive plan or ESOPs. The company intends to use part of the over-raised funds to repurchase the company's shares. The repurchases will be funded from the excess funds the company's initial public offering.

The program will be valid till 12 months from approval of board.