Beijing JCZ Technology Co.,Ltd. (SHSE:688291) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 30 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives and safeguarding company value and shareholder rights. The repurchases will be funded using company's self-owned funds, over-raised funds obtained from the initial public offering of RMB ordinary shares or loans from financial institutions. The repurchase period will be not more than 12 months.