Beijing Jiaxun Feihong Electrical Co., Ltd. (SZSE:300213) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be purchased at a price not exceeding CNY 9 per share.

The repurchased shares will be used to implement employee stock ownership plan or equity incentive plan. The program will be valid for 12 months from the company's Directorate's approval date.