Ningbo PIA Automation Holding Corp. (SHSE:688306) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its Class A shares.

The shares will be repurchased at a price not more than CNY 7 per share. Shares repurchased will be used for ESOP or equity incentives. The repurchase program is valid for 12 months.