Shenzhen King Explorer Science and Technology Corporation (SZSE:002917) announces a share repurchase program. Under the program, the company will repurchase its own A shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 12.37 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 12 months.