Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 18 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be valid for a period of 12 months.

On June 2, 2022, the company announced that it has adjusted its share repurchase price from not more than CNY 18 per share to not more than CNY 17.80 per share.