Triductor Technology (Suzhou) Inc. (SHSE:688259) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 90 per share.

The shares purchased will be used for the company's equity incentive plan or ESOP. If the company fails to use the shares for the aforementioned purposes within three years after the implementation result of the share repurchase and the announcement date of share changes, the unused portion of the repurchased shares shall be cancelled. The repurchases will be funded from the company's own funds.

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