Changchun High & New Technology Industry (Group) Inc. (SZSE:000661) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of class A shares, not exceeding 10% of its issued share capital. The shares will be repurchased at a price of not more than CNY 400 per share. The shares purchased will be used for the company's equity incentives for the core team of the company and its subsidiaries. The program will be funded out of the company's own funds. The program will be valid for 12 months.