MeiG Smart Technology Co., Ltd (SZSE:002881) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its common stock. The shares will be repurchased at a price of CNY 37.50 per share.

The program will be funded from company's own funds. The repurchase of shares will be used for subsequent implementation of equity incentives or employee stock ownership plans. The program will be valid for 12 months.