ZheJiang KangLongDa Special Protection Technology Co., Ltd (SHSE:603665) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A ordinary shares. The shares will be repurchased at a price of not more than CNY 30 per share and will not be higher than 150% of the average trading price of the company's stock in the 30 trading days before the board of directors passed the repurchase resolution. The program will be funded out of the company's own sources. The purpose of the program is to enhance investor confidence and enhance the long-term investment value of the company’s stocks, improve the company’s long term incentive mechanism and benefit-sharing mechanism, team cohesion and effectively tie the interests of shareholders, company and employees together. The repurchased shares will be used in the employee stock ownership plan and if the company fails to implement the purpose within 36 months after the completion of the share repurchase, the unused part will be cancelled according to law. The program is valid till earlier of 6 months from the date of approval by the Board or when the number of shares repurchased reaches the maximum limit within the period, unless terminated by the Board.