Shentong Technology Group Co., Ltd (SHSE:605228) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 14.7 per share.

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