Aofu Environmental Technology Co.,Ltd. (SHSE:688021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The maximum price to be paid for repurchase is CNY 27.45 per share.

The purpose of the program is to use repurchased shares for ESOP and Equity incentives. The plan will be valid for 12 months.