Xiamen Changelight Co., Ltd. (SZSE:300102) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its class A common stock. The shares will be repurchased at a price of CNY 9.08 per share.

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