Wolong Electric Group Co.,Ltd. (SHSE:600580) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million. The price to be paid for repurchase should not be more than CNY 16.92 per share.

The purpose of the program is to use repurchased shares for equity incentive plans. The program will be funded from company's own funds. The plan will be valid for 12 months.