Sunwoda Electronic Co.,Ltd (SZSE:300207) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at a purchase price of CNY 19.78 per share.

The program will be funded from company's own funds. The shares repurchased will be cancelled correspondingly reducing the company's registered capital. The repurchase program is valid for 12 months.