Asia Cuanon Technology (Shanghai) Co.,Ltd. (SHSE:603378) announces a share repurchase program. Under the program, the company will repurchase its shares, for not more than CNY 100 million. The shares will be purchased at a price not more than CNY 8 per share.

The repurchase program will be funded from company's own funds. The repurchased shares will be used for implementing the company?s equity incentive plan. The repurchase program will be valid for a period of 3 months.